document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1094428>Question 1094428</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An executive invests $24000 some at 6% and the rest at 5% annual interest. If he receives an annual return of $1320 how much is invested 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 #708974 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=708974\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let the amount invested at 6% be x.<BR>\n" );
document.write( "Then, the amount at 5% will be 24000-x<BR>\n" );
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document.write( "0.06x + 0.05(24000 - x) = 1320<BR>\n" );
document.write( "0.06x + 1200 - 0.05x = 1320<BR>\n" );
document.write( "0.01x = 120<BR>\n" );
document.write( "x = 120/0.01 = 12000 this is the amount invested at 6%<BR>\n" );
document.write( "The amount at 5%: 24000 - 12000  = 12000<BR>\n" );
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document.write( "Check:<BR>\n" );
document.write( "12000*0.06 = 720<BR>\n" );
document.write( "12000*0.05 = 600<BR>\n" );
document.write( ". . . . . . _____<BR>\n" );
document.write( "Total . . . 1320 Correct<BR>\n" );
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