document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=818374>Question 818374</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Word problems always twist me around. Your assistance is greatly appreciated. Thank you in advance.\r<BR>\n" );
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document.write( "An investment club used funds totaling $300,000 to invest in a bio-tech company and in an ethanol plant, with hopes of earning 12% and 16% annual simple interest, respectively. Their hunch paid off. The club made a total of $38,600 interest the first year. How much was invested at each rate?\r<BR>\n" );
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document.write( "$____________  at 12%\r<BR>\n" );
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document.write( "$ _____________at 16%<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 #492518 by </B><A HREF=/tutors/aboutme.mpl?userid=TimothyLamb><B>TimothyLamb(4379)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=TimothyLamb><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/cgi-bin/show-face.mpl?user=TimothyLamb><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=492518\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> (0.12)b + (0.16)e = 38600<BR>\n" );
document.write( "b + e = 300000<BR>\n" );
document.write( "b = 300000 - e<BR>\n" );
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document.write( "(0.12)b + (0.16)e = 38600<BR>\n" );
document.write( "(0.12)(300000 - e) + (0.16)e = 38600<BR>\n" );
document.write( "(0.12)300000 - (0.12)e + (0.16)e = 38600<BR>\n" );
document.write( "(0.04)e = 2600<BR>\n" );
document.write( "e = 2600/(0.04)<BR>\n" );
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document.write( "e = $65000<BR>\n" );
document.write( "b = $235000<BR>\n" );
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document.write( "Solve and graph linear equations:<BR>\n" );
document.write( "https://sooeet.com/math/linear-equation-solver.php<BR>\n" );
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document.write( "Solve quadratic equations, quadratic formula:<BR>\n" );
document.write( "https://sooeet.com/math/quadratic-formula-solver.php<BR>\n" );
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document.write( "Convert fractions, decimals, and percents:<BR>\n" );
document.write( "https://sooeet.com/math/fraction-decimal-percent.php<BR>\n" );
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document.write( "Calculate and graph the linear regression of any data set:<BR>\n" );
document.write( "https://sooeet.com/math/linear-regression.php </SPAN>\n" );
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