document.write( "Question 1161816: Cabin Financial Service Group recommends that a client purchase for $10,000 a corporate bond that earns 6% annual simple interest. How much additional money must be placed in an investment that earns a simple interest rate of 4.5% so that the total annual interest earned from the two investments is 5% of the total investment?
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Algebra.Com's Answer #785445 by ikleyn(52788) $\"\"$ $\"About$

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document.write( "0.06*10000 + 0.045*x = 0.05*(10000+x)\r\n" );
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document.write( "600        + 0.045x  = 500 + 0.05x\r\n" );
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document.write( "600 - 500           = 0.05x - 0.045x\r\n" );
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document.write( "100                 = 0.005x\r\n" );
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document.write( "x                   =  = 20000.\r\n" );
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document.write( "ANSWER.  Additional money amount / (deposit) is $20000.\r\n" );
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\n" ); document.write( "\n" ); document.write( "It is a standard and typical problem on investments.\r
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\n" ); document.write( "\n" ); document.write( "If you need more details, or if you want to see other similar problems solved by different methods, look into the lesson \r
\n" ); document.write( "\n" ); document.write( " - Using systems of equations to solve problems on investment\r
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\n" ); document.write( "\n" ); document.write( "You will find there different approaches (using one equation or a system of two equations in two unknowns), as well as
\n" ); document.write( "different methods of solution to the equations (Substitution, Elimination).\r
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\n" ); document.write( "\n" ); document.write( "Also, you have this free of charge online textbook in ALGEBRA-I in this site\r
\n" ); document.write( "\n" ); document.write( " - ALGEBRA-I - YOUR ONLINE TEXTBOOK.\r
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\n" ); document.write( "\n" ); document.write( "The referred lesson is the part of this online textbook under the topic \"Systems of two linear equations in two unknowns\".\r
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\n" ); document.write( "\n" ); document.write( "Save the link to this online textbook together with its description\r
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\n" ); document.write( "\n" ); document.write( "Free of charge online textbook in ALGEBRA-I
\n" ); document.write( "https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson\r
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\n" ); document.write( "\n" ); document.write( "to your archive and use it when it is needed.\r
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