document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1118485>Question 1118485</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Fred received an inheritance of $13,500. He wishes to divide the amount between investments at 15% and 12% to receive an average return on both investments of 14%. How much should he invest 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 #733814 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=733814\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 0.15x + 0.12(13,500 - x) = 0.14(13,500)<BR>\n" );
document.write( "0.15x + 1,620 - 0.12x = 1,890<BR>\n" );
document.write( "0.03x = 270<BR>\n" );
document.write( "x = 9,000<BR>\n" );
document.write( "He should invest 9,000 at 15% and 13,500-9,000 = 4,500 at 12% to get an average return on both investments of 14% </SPAN>\n" );
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