document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=706298>Question 706298</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A newly MBA graduate received an $18000 signing bonus from her employer. She invested part of it in a credit union account earning 3% annual simple interest and the rest in utility stocks that suffered a 7% loss of value. The net income from both investments for the first year was only $90. How much of her bonus was originally placed in each investment? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #435063 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley79><B>checkley79(3341)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley79><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=435063\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .03X-.07(18000-X)=90<BR>\n" );
document.write( ".03X-1260+.07X=90<BR>\n" );
document.write( ".10X=90+1260<BR>\n" );
document.write( ".10X=1350<BR>\n" );
document.write( "X=1350/.10<BR>\n" );
document.write( "X=$13500 INVESTED @ 3%.<BR>\n" );
document.write( ".03*13500-.07(18000-13500)=90<BR>\n" );
document.write( "405-.07*4500=90<BR>\n" );
document.write( "405-315=90<BR>\n" );
document.write( "90=90<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );