document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1161616>Question 1161616</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A stock broker is required to keep $100,000 in low-risk funds. He splits the money between a fund that has an interest rate of 9.2% and one that pays 8.6%. In the first year, the money earns $8960 in interest. How much of the $100,000 was invested in the fund with 9.2% interest? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #785210 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=785210\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> x in low risk making .092 interest or .092x $ a year<BR>\n" );
document.write( "100000-x making .086 a or $8600-0.086x a year<BR>\n" );
document.write( "0.092x+8600-0.086x=8960. The interest of each of the above added together is $8960.<BR>\n" );
document.write( "Collect terms<BR>\n" );
document.write( "0.092x-0.086x=8960-8600<BR>\n" );
document.write( "so 0.006x=360<BR>\n" );
document.write( "x=$60000 making 9.2% or $5520 a year<BR>\n" );
document.write( "100000-x=$40000 making 8.6% or $3440 a year  </SPAN>\n" );
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