document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1078631>Question 1078631</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A $136, 000 trust is to be invested in bonds paying 8%, CDs paying 7%, and mortgages paying 10%. The sum of the investments in bonds and CDs must equal the mortgage investment. To earn $12,040 annual income from the investments, how much should the bank invest in bonds?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #693036 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=693036\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  A $136,000 trust is to be invested in bonds paying 8%, CDs paying 7%, and mortgages paying 10%. The sum of the investments in bonds and CDs must equal the mortgage investment. To earn $12,040 annual income from the investments, how much should the bank invest in bonds?<BR>\n" );
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document.write( "Equations::<BR>\n" );
document.write( "B + C + M = 136000<BR>\n" );
document.write( "8B+7C+10M = 1204000<BR>\n" );
document.write( "B + C - M = 0<BR>\n" );
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document.write( "Use any method you know to find that<BR>\n" );
document.write( "B = 48000 (amt for Bonds)<BR>\n" );
document.write( "C = 20000<BR>\n" );
document.write( "M = 68000<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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document.write( "  </SPAN>\n" );
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