document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1034320>Question 1034320</A>: <I><SPAN STYLE=\"word-break: break-all;\"> larry mitchell invested part of his $34,000 advance at 5% annual simple interest and the rest at 7% annual simple interest. the yearly total from both was $2,300. Find the amount 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 #648929 by </B><A HREF=/tutors/aboutme.mpl?userid=fractalier><B>fractalier(6550)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=fractalier><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=fractalier><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=648929\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Call the amount invested at 5%, x.<BR>\n" );
document.write( "Then the amount invested at 7% would be 34000-x.<BR>\n" );
document.write( "The set up then looks like this...<BR>\n" );
document.write( ".05x + .07(34000-x) = 2300<BR>\n" );
document.write( "Now solve for x...<BR>\n" );
document.write( ".05x + 2380 - .07x = 2300<BR>\n" );
document.write( "-.02x = - 80<BR>\n" );
document.write( "x = $4000 invested at 5% which means<BR>\n" );
document.write( "34000-4000 = $30,000 invested at 7% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );