document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1031425>Question 1031425</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Last year, Austin invested his money in two purchases. He purchased a certificate of deposit for $2000 that paid 4% interest per year and purchased $6000 in corporate bonds paying 9% interest per year.<BR>\n" );
document.write( "Answer the questions below. Do not do any rounding.<BR>\n" );
document.write( "a)what was the total interest earned at the end of one year?<BR>\n" );
document.write( "b)what was the percent interest for his total investment?\r<BR>\n" );
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document.write( "I tried, .04(2000)+.09(6000), but it seems like there is something missing...  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #646112 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=646112\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Total Interest \r<BR>\n" );
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document.write( "0.04*2000 + 0.09*6000\r<BR>\n" );
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document.write( "80+540 = 620\r<BR>\n" );
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document.write( "Total investment = 8000<BR>\n" );
document.write( "Total interest = 620\r<BR>\n" );
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document.write( "Rate of interest on total investment\r<BR>\n" );
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document.write( "(620/8000 )* 100\r<BR>\n" );
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document.write( "=7.75%\r<BR>\n" );
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document.write( " </SPAN>\n" );
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