document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=97960>Question 97960</A>: <I><SPAN STYLE=\"word-break: break-all;\"> a teacher wants to earn $1,500 per year in supplemental income from a cash gift of $16,000. she puts $6,000 in a bank that pays 7% annual interest. What rate must she earn on the remainder to achive her goal\r<BR>\n" );
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document.write( "Thank you<BR>\n" );
document.write( "Vanessa </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #71275 by </B><A HREF=/tutors/aboutme.mpl?userid=edjones><B>edjones(8007)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=edjones><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=edjones><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=71275\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> let x=rate of interest on the remainder.<BR>\n" );
document.write( "6000*.07+10000x=1500<BR>\n" );
document.write( "420+1000x=1500<BR>\n" );
document.write( "subtract 420 from each side. 10000x=1500-420<BR>\n" );
document.write( "10000x=1080<BR>\n" );
document.write( "divide 10000 into each side. x=1080/10000=.108=10.8%<BR>\n" );
document.write( "Check:<BR>\n" );
document.write( "420+10000*.108==420+1080=1500<BR>\n" );
document.write( "Ed </SPAN>\n" );
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