document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=897246>Question 897246</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A retiree receives $7500 a year interest from $80,000 placed in two bonds, one paying 6% interest and the other paying 16% interest. How much is being invested at the higher interest rate. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #544039 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=544039\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A retiree receives $7500 a year interest from $80,000 placed in two bonds, one paying 6% interest and the other paying 16% interest. How much is being invested at the higher interest rate.<BR>\n" );
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document.write( "let x=amt invested at 16% interest<BR>\n" );
document.write( "80000-x=amt invested at 6% interest<BR>\n" );
document.write( "..<BR>\n" );
document.write( "16%x+6%(80000-x)=7500<BR>\n" );
document.write( ".16x+4800-.06x=7500<BR>\n" );
document.write( ".10x=2700<BR>\n" );
document.write( "x=27000<BR>\n" );
document.write( "How much is being invested at the higher interest rate? $27,000 </SPAN>\n" );
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