document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=957273>Question 957273</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A total of $80,000 is invested in two funds paying 2.3% and 3.1 % simple interest. The total annual interest is $2000. How much is invested in each fund? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #584902 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=584902\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A total of $80,000 is invested in two funds paying 2.3% and 3.1 % simple interest. The total annual interest is $2000. How much is invested in each fund?<BR>\n" );
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document.write( "Quantity Eq:: x + y = 80,000 dollars<BR>\n" );
document.write( "Interest Eq::2.3x + 3.1y = 200000<BR>\n" );
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document.write( "Modify for elimination:<BR>\n" );
document.write( "23x + 23y = 23*80000<BR>\n" );
document.write( "23x + 31y = 2000000<BR>\n" );
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document.write( "Subtract and solve for \"y\"::<BR>\n" );
document.write( "8y = 160000<BR>\n" );
document.write( "y = $20,000 (amt. invested at 3.1%)<BR>\n" );
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document.write( "x = 80000-20000 = $60,000 (amt. investedat 2.3$)<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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