document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1196173>Question 1196173</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mr. Scurtu wants to invest some of his $10,000 in an aggressive stock fund that he expects to earn 12% annually and the rest in less risky bonds making 4% annually. If he hopes to earn $1000 in annual interest, how should he split his investment between the stock fund and the bonds?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #828905 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13200)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=greenestamps><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=greenestamps><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=828905\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "Here is a quick and easy non-algebraic method for solving any 2-part \"mixture\" problem like this.<br><BR>\n" );
document.write( "(1) $1000 interest on a $10,000 investment is a return of 10%<BR>\n" );
document.write( "(2) 10% is 3/4 of the way from 4% to 12% (use a number line to see that, if it helps)<BR>\n" );
document.write( "(3) Therefore, 3/4 of the total needs to be invested at the higher rate<br><BR>\n" );
document.write( "ANSWER: 3/4 of $10,000, or $7500, should be invested at 12%; the other $2500 at 4%<br><BR>\n" );
document.write( "CHECK: .12($7500)+.04($2500)=$900+$100 = $1000<br><BR>\n" );
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