document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1047771>Question 1047771</A>: <I><SPAN STYLE=\"word-break: break-all;\">  A company decided to invest Php 100 000. Part was invested in a bank account paying 8% per year, and the remainder was invested in stocks paying 11% interest per year. If the total yearly interest from the two investments is Php 10 100, how much was invested in each?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #663364 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=663364\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A company decided to invest Php 100 000. Part was invested in a bank account paying 8% per year, and the remainder was invested in stocks paying 11% interest per year. If the total yearly interest from the two investments is Php 10 100, how much was invested in each? <BR>\n" );
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document.write( "Equations:<BR>\n" );
document.write( "t + e = 100,000<BR>\n" );
document.write( "0.08t + 0.11e = 10100<BR>\n" );
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document.write( "8t + 8e = 8*100,000<BR>\n" );
document.write( "8t + 11e = 1010000<BR>\n" );
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document.write( "Subtract and solve for \"e\":<BR>\n" );
document.write( "3e = 210,000<BR>\n" );
document.write( "e = 70,000 (amt invested at eleven%)<BR>\n" );
document.write( "t = 100,000-70,000 = 30,000 (amt invested at eight%)<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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