document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=955462>Question 955462</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Franco invested $4000 in money market funds. Part was invested at 14% interest, the rest at 11% interest. At the end of each year the fund company pays interest. After one year he earned $482 in simple interest. How much was invested at each 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 #583688 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=583688\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> F=part invested at 14%; E=part invested at 11%<BR>\n" );
document.write( "F+E=$4000<BR>\n" );
document.write( "E=$4000-F<BR>\n" );
document.write( "0.11E+0.14F=$482 Substitute for E.<BR>\n" );
document.write( "0.11($4000-F)+0.14F=$482.<BR>\n" );
document.write( "$440-0.11F+0.14F=$482 Subtract $440 from each side.<BR>\n" );
document.write( "0.03F=$42 Divide each side by 0.03.<BR>\n" );
document.write( "F=$1400 ANSWER 1: $1400 was invested at 14%.<BR>\n" );
document.write( "E=$4000-$1400=$2600 ANSWER 2: $2600 was invested at 11%<BR>\n" );
document.write( "CHECK:<BR>\n" );
document.write( "0.11E+0.14F=$482 <BR>\n" );
document.write( "0.11($2600)+0.14($1400)=$482 <BR>\n" );
document.write( "$286+$196=$482<BR>\n" );
document.write( "$482=$482 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );