document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=877093>Question 877093</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Joanne, a recent retiree, requires $5,000 per year in extra income. She has $60,000 to invest and can invest in bonds paying 15 percent per year or in a Certificate of Deposit paying 7 percent per year. How much money should be invested in each realize exactly $5,000 in interest per year </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #529231 by </B><A HREF=/tutors/aboutme.mpl?userid=lwsshak3><B>lwsshak3(11628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=lwsshak3><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=529231\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Joanne, a recent retiree, requires $5,000 per year in extra income. She has $60,000 to invest and can invest in bonds paying 15 percent per year or in a Certificate of Deposit paying 7 percent per year. How much money should be invested in each realize exactly $5,000 in interest per year<BR>\n" );
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document.write( "let x=amount invested in 15% bonds<BR>\n" );
document.write( "60000-x=amount invested in 7% CD's<BR>\n" );
document.write( ".15x+.07(60000-x)=5000<BR>\n" );
document.write( ".15x+4200-.07x=5000<BR>\n" );
document.write( ".08x=800<BR>\n" );
document.write( "x=10000<BR>\n" );
document.write( "60000-x=50000<BR>\n" );
document.write( "amount invested in 15% bonds=$10,000<BR>\n" );
document.write( "amount invested in 7% CD's=$50,000 </SPAN>\n" );
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