document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=789255>Question 789255</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Jorge purchased municipal bonds which yield 6% annually and certificates of deposit which yield 8% annually. If Jorge’s initial investments amount to $11,000 and the annual income is $720, how much money is invested in bonds? <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #478797 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=478797\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Jorge purchased municipal bonds which yield 6% annually and certificates of deposit which yield 8% annually. If Jorge’s initial investments amount to $11,000 and the annual income is $720, how much money is invested in bonds? <BR>\n" );
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document.write( "Using one variable:<BR>\n" );
document.write( "Equation:<BR>\n" );
document.write( "int + int = int<BR>\n" );
document.write( "0.06x + 0.08(11,000-x) = 720<BR>\n" );
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document.write( "6x + 88000 - 8x = 72000<BR>\n" );
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document.write( "-2x = -16000<BR>\n" );
document.write( "x = $8000 (amt. invested at 6%)<BR>\n" );
document.write( "11000 -x = $3000 (amt invested at 8%)<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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