document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=953254>Question 953254</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mr Taylor has $10,000 to invest. he invested part of it at 8% and part of it at 6%. If his total simple interest was $760, find how much he invested for 1 year at each rate </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #582125 by </B><A HREF=/tutors/aboutme.mpl?userid=macston><B>macston(5194)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=macston><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=macston><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=582125\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Mr Taylor has $10,000 to invest. he invested part of it at 8% and part of it at 6%. If his total simple interest was $760, find how much he invested for 1 year at each rate<BR>\n" );
document.write( "E=8% investment; S=6% investment<BR>\n" );
document.write( "E+S=$10000<BR>\n" );
document.write( "E=$10000-S<BR>\n" );
document.write( "0.08E+0.06S=$760 Substitute for E.<BR>\n" );
document.write( "0.08($10000-S)+0.06S=$760<BR>\n" );
document.write( "$800-0.08S+0.06S=$760 Subtract $760 from each side.<BR>\n" );
document.write( "$40-0.02S=0 Add 0.02S to each side.<BR>\n" );
document.write( "$40=0.02S Divide each side by 0.02<BR>\n" );
document.write( "$2000=S ANSWER 1: He invested $2000 at 6%.<BR>\n" );
document.write( "E=$10000-S=$1000-$2000=$8000 ANSWER 2: He invested $8000 at 8%.<BR>\n" );
document.write( "CHECK:<BR>\n" );
document.write( "0.08($8000)+0.06($2000)=$760<BR>\n" );
document.write( "$640+$120=$760<BR>\n" );
document.write( "$760=$760 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );