document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=845995>Question 845995</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You have already invested $300 in a stock with an annual return of 11%. How much of an additional $1,300 should be invested at 12% and how much at 6% so that the total return on the entire $1,600 is 9%? (Round each answer to the nearest cent.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #509524 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=509524\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> You have already invested $300 in a stock with an annual return of 11%. How much of an additional $1,300 should be invested at 12% and how much at 6% so that the total return on the entire $1,600 is 9%? <BR>\n" );
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document.write( "Equation::<BR>\n" );
document.write( "0.11*300 + 0.12x + 0.06(1300-x) = 0.09*1600<BR>\n" );
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document.write( "11*300 + 12x + 6*1300-6x = 9*1600<BR>\n" );
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document.write( "6x = 9*1600-11*300-6*1300<BR>\n" );
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document.write( "6x = 3300<BR>\n" );
document.write( "x = $550.00<BR>\n" );
document.write( "===============<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "====================== </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );