document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=714482>Question 714482</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mohammad Aran a financial planner recommended that 40% of a client cash account be invested in preferred stock earning 9% annual simple interest. The remainder of the client cash was placed in treasury bonds earning 7% annual simple interest. The total annual interest earned from two investment was $2496. Find the total invested </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #438883 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=438883\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .09*.40X+.07*.60X=2,496<BR>\n" );
document.write( ".036X+.042X=2,496<BR>\n" );
document.write( ".078X=2,496<BR>\n" );
document.write( "X=2,496/.078<BR>\n" );
document.write( "X=$32,000 TOTAL AMOUNT INVESTED.<BR>\n" );
document.write( ".09*.40*32,000=$1,152 AMOUNT INVESTED @ 9%.<BR>\n" );
document.write( ".07*.60*32,000=$1,344 AMOUNT INVESTED @ 7%.<BR>\n" );
document.write( "PROOF:<BR>\n" );
document.write( "1152+1344=2496<BR>\n" );
document.write( " </SPAN>\n" );
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