document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=977237>Question 977237</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mardi received an inheritance of $60,000. She invested part at an APR of 12 percent and deposited the remainder in tax-free bonds at an APR of 10 percent. Her total annual income from the investments was $6600. Find the amount invested at 12 percent.\r<BR>\n" );
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document.write( "I have tried to build the equation for this problem, however I don't think it's right.  Here is what I have so far.\r<BR>\n" );
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document.write( "x = amount invested at 12%<BR>\n" );
document.write( "y= amount invested at 10%\r<BR>\n" );
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document.write( "x + y = 60000\r<BR>\n" );
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document.write( ".12(60000 -x) + .10(60000 -y) = 6600\r<BR>\n" );
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document.write( "please let me know if my equation is wrong.  if so what should my equation look like? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #598746 by </B><A HREF=/tutors/aboutme.mpl?userid=richwmiller><B>richwmiller(17219)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=richwmiller><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=richwmiller><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=598746\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Close but not quite<BR>\n" );
document.write( "Total amount of money invested: $60000<BR>\n" );
document.write( "x+y=60000,<BR>\n" );
document.write( "Total yearly interest for the two accounts is: $6600<BR>\n" );
document.write( "0.12*x+0.1*y=6600<BR>\n" );
document.write( "x=60000-y<BR>\n" );
document.write( "Substitute for x<BR>\n" );
document.write( "0.12*(60000-y)+0.1*y=6600<BR>\n" );
document.write( "Multiply out<BR>\n" );
document.write( "7200-0.12*y+0.1*y=6600<BR>\n" );
document.write( "Combine like terms.<BR>\n" );
document.write( "-0.02*y=-600<BR>\n" );
document.write( "Isolate y<BR>\n" );
document.write( "y=$   30000.00 at 10% earns $3000 interest<BR>\n" );
document.write( "x=60000-y<BR>\n" );
document.write( "Calculate x<BR>\n" );
document.write( "x=$   30000.00 at 12% earns $3600 interest<BR>\n" );
document.write( "Check<BR>\n" );
document.write( "0.12*30000+0.1*30000=6600<BR>\n" );
document.write( "3600+3000=6600<BR>\n" );
document.write( "6600=6600<BR>\n" );
document.write( "If 6600=6600 is TRUE and neither x nor y  is negative then all is well<BR>\n" );
document.write( "codeint1\r<BR>\n" );
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document.write( " </SPAN>\n" );
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