document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1057202>Question 1057202</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The annual interest $11,000.00 investment exceeds the interest earned on a $9000.00 investment by $184.00. The $11,000.00 investment is at a 0.4% higher rate than tha $9000.00 investment. What is the interest rate of each investment? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #672331 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel555><B>jorel555(1290)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel555><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=672331\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let n be the interest rate on the smaller investment. Then the interest rate on the larger investment is n+.004. So:<BR>\n" );
document.write( "11000(n+.004)-184=9000(n)<BR>\n" );
document.write( "11000n-140=9000n<BR>\n" );
document.write( "2000n=140<BR>\n" );
document.write( "n=.07<BR>\n" );
document.write( "The interest rate on the $11000 is 7.4%, the rate on the $9000 is 7%. &#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
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