document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=122002>Question 122002</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/0534404693/algebrahomeworkh>algebra and trigonometry with analiytic geometry</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> A city government built a $60 million sports arena. Some of the money was raised by selling bonds that pay simple interest at a rate of 13% annually. The remaining amount was obtained by borrowing money from an insurance company at a simple interest rate of 10%. How much was financed through the insurance company if the annual interest is $6.78 million?\r<BR>\n" );
document.write( "\n" );
document.write( "Please round your answer to the nearest $million.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #89568 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley71><B>checkley71(8403)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley71><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=89568\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .13*x+.10(60-x)=6.78<BR>\n" );
document.write( ".13x+6-10x=6.78<BR>\n" );
document.write( ".03x=6.78-6<BR>\n" );
document.write( ".03x=.78<BR>\n" );
document.write( "x=.78/.03<BR>\n" );
document.write( "x=26 million invested @ 13%.<BR>\n" );
document.write( "60-26=34 million invested with the insurance co. @10%.<BR>\n" );
document.write( "proof<BR>\n" );
document.write( ".13*26+.10*34=6.78<BR>\n" );
document.write( "3.38+3.4=6.78<BR>\n" );
document.write( "6.78=6.78 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );