document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1153344>Question 1153344</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Two bond funds pay interest at rates that differ by 3%. Money invested for one year in the first fund earns $495 interest. The same amount invested in the other fund earns $660. Find the lower rate of interest. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #775540 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=775540\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> lower rate is x %<BR>\n" );
document.write( "Money M at x%=495<BR>\n" );
document.write( "same M at (x+.03)=660<BR>\n" );
document.write( "mx=495<BR>\n" );
document.write( "mx+.03m=660<BR>\n" );
document.write( "substitute <BR>\n" );
document.write( "495+.03m=660<BR>\n" );
document.write( ".03m=165<BR>\n" );
document.write( "m=5500<BR>\n" );
document.write( "now 5500*x=495<BR>\n" );
document.write( "x=.09 or 9% ANSWER\r<BR>\n" );
document.write( "\n" );
document.write( "other interest rate is 12% or .12<BR>\n" );
document.write( "5500*0.12=$660\r<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );