document.write( "Question 1107249: John invested $30k in various stocks & bonds. He earned 6% on his bonds
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Algebra.Com's Answer #722262 by ikleyn(52781) $\"\"$ $\"About$

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document.write( "interest  +  interest      = total interest\r\n" );
document.write( "on bonds     on stocks\r\n" );
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document.write( "0.06*B    + 0.12*(30000-B) = 2460.\r\n" );
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document.write( "Simplify and solve for B.\r\n" );
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document.write( "0.06*B + 3600 - 0.12*B = 2460\r\n" );
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document.write( "-0.06*B = 2460 - 3600 = -1140  ====>  B =  = 19000.\r\n" );
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document.write( "Answer.  $19000 was invested in bonds.\r\n" );
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