document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=70297>Question 70297</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A total of $9000 is invested in two funds paying 5% and 6% annual interest. The combined interst is $510. How much of the $9000 is invested in each fund? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #50133 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=50133\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A total of $9000 is invested in two funds paying 5% and 6% annual interest. The combined interst is $510. How much of the $9000 is invested in each fund?<BR>\n" );
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document.write( "Let amt. invested at 5% be \"x\" ; Interest on this is 0.05x<BR>\n" );
document.write( "Amt. invested at 6% is \"9000-x\" ; Intereston this in 0.06(9000-x)= 540-0.06x<BR>\n" );
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document.write( "EQUATION:<BR>\n" );
document.write( "interest + interest = 510<BR>\n" );
document.write( "0.05x+540-0.06x = 510<BR>\n" );
document.write( "-0.01x = -30<BR>\n" );
document.write( "x=$3000 (amt. invested at 5%)<BR>\n" );
document.write( "9000-3000=$6000 (amt. invested at 6%)<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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