document.write( "Question 104921: Mr. Rich invested 50,000. Part of it he put in a gold mine stock from which he hoped to receive 20% per year. The rest he invested in bank stock which was paying 6%. If he received 400 more the first year from the bank stock than from the mining stock, how much did he invest in each stock? \n" ); document.write( "
Algebra.Com's Answer #76396 by Fombitz(32388)\"\" \"About 
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Let's name the variables first
\n" ); document.write( "G-amount of money he put in the gold stock
\n" ); document.write( "B-amount of money he put in the back stock
\n" ); document.write( "1.\"G%2BB=50000\"
\n" ); document.write( "Interest for one year is calculated using the rate and the amount of money.
\n" ); document.write( "\"I%5BG%5D=G%2A20%2F100\" Interest for gold stock
\n" ); document.write( "\"I%5BB%5D=B%2A6%2F100\" Interest for bank stock
\n" ); document.write( "You also know a relationship between the interests from each stock.
\n" ); document.write( "\"I%5BB%5D=I%5BG%5D%2B400\"Interest between gold stock and bank stock
\n" ); document.write( "\"B%2A6%2F100=G%2A20%2F100%2B400\"Susbtitute.
\n" ); document.write( "2.\"6B=20G%2B40000\" Multiply by 100 to simplify.
\n" ); document.write( "From equation 1,
\n" ); document.write( "\"G%2BB=50000\"
\n" ); document.write( "\"B=50000-G\"
\n" ); document.write( "Substituting into 2,
\n" ); document.write( "\"6B=20G%2B40000\"
\n" ); document.write( "\"6%2850000-G%29=20G%2B40000\"Substitute.
\n" ); document.write( "\"300000-6G=20G%2B40000\"Distribute.
\n" ); document.write( "\"260000=26G\"
\n" ); document.write( "\"G=10000\"
\n" ); document.write( "From 1,
\n" ); document.write( "\"B=50000-G\"
\n" ); document.write( "\"B=50000-10000\"Substitute.
\n" ); document.write( "\"B=40000\"
\n" ); document.write( "Check your answer.
\n" ); document.write( "\"B%2A6%2F100=G%2A20%2F100%2B400\"
\n" ); document.write( "\"40000%2A6%2F100=10000%2A20%2F100%2B400\"
\n" ); document.write( "\"2400=2000%2B400\"
\n" ); document.write( "\"2400=2400\"
\n" ); document.write( "Good answer.
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