document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=133394>Question 133394</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How can 28,0000 be invested, part at 4% annual simple interest and the remainder at 10%, so that the interest earned by the two accounts is equal at the end of the year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #97582 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=97582\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How can 28,0000 be invested, part at 4% annual simple interest and the remainder at 10%, so that the interest earned by the two accounts is equal at the end of the year?<BR>\n" );
document.write( "--------------------------<BR>\n" );
document.write( "Let amt. invested at 4% be \"x\"; Interest is 0.04x dollars<BR>\n" );
document.write( "---------------------------<BR>\n" );
document.write( "Amt invsted at 10% is \"28000-x\" ; Interest is 0.1(28000-x)=2800-0.1x<BR>\n" );
document.write( "----------------------------<BR>\n" );
document.write( "EQUATION:<BR>\n" );
document.write( "interest = interest<BR>\n" );
document.write( "0.04x = 2800-0.10x<BR>\n" );
document.write( "0.14x = 2800<BR>\n" );
document.write( "x = $20000 (amount invested at 4%)<BR>\n" );
document.write( "------------<BR>\n" );
document.write( "28000-x = $8000 (amount invested at 10%)<BR>\n" );
document.write( "=============================================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );