document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=824100>Question 824100</A>: <I><SPAN STYLE=\"word-break: break-all;\"> John had $ 30,000 to invest. He invested part of this money in bonds paying 12% annual simple interest and the rest of the money in savings account giving 4% annual interest. At the end of the year, he received $2,400 as extra income. How much money did John place 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 #496082 by </B><A HREF=/tutors/aboutme.mpl?userid=framos119><B>framos119(1)</B></A><img src=\"/images/stars/iconNewId_16x16.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=framos119><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=framos119><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=496082\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .4x+.12(30000-x)=2400<BR>\n" );
document.write( ".04x+.12(30000)-.12x=2400<BR>\n" );
document.write( ".04x+3600-.12x=2400<BR>\n" );
document.write( ".12x-.04x+3600=2400 <BR>\n" );
document.write( ".08x+3600=2400<BR>\n" );
document.write( ".08x+3600-3600=2400-3600<BR>\n" );
document.write( "8x=1200<BR>\n" );
document.write( "(8x/8)=1200/8<BR>\n" );
document.write( "X=1500<BR>\n" );
document.write( "15000-30000=15000<BR>\n" );
document.write( "Total invested at .12=$15,000.00<BR>\n" );
document.write( "                           At .04=$15,000.00<BR>\n" );
document.write( "15000*.04=$600.00<BR>\n" );
document.write( "15000*.12=$1,800.00<BR>\n" );
document.write( "$1,800.00+$600.00=$2,400.00<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );