document.write( "Question 1108877: Suppose that Eustace Scrubb has $14,000 to invest, he puts $8,000 into an account that earns 9.5% simple interest. If Eustace wants to earn 7% interest on his total investment each year, at what rate should he invest the remainder of his money? Round to the nearest hundredth of a percent. \n" ); document.write( "
Algebra.Com's Answer #723876 by stanbon(75887)\"\" \"About 
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Suppose that Eustace Scrubb has $14,000 to invest, he puts $8,000 into an account that earns 9.5% simple interest. If Eustace wants to earn 7% interest on his total investment each year, at what rate should he invest the remainder of his money? Round to the nearest hundredth of a percent.
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\n" ); document.write( "Equation:
\n" ); document.write( "interest + interest = interest
\n" ); document.write( "0.095*8000 + (x/100)*6000 = 0.07(14000)
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\n" ); document.write( "760 + 60x = 980
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\n" ); document.write( "60x = 220
\n" ); document.write( "x = 3.666..
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\n" ); document.write( "Answer:: (3 2/3)%
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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