document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=133955>Question 133955</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/9780073268620/algebrahomeworkh>Elementary and Intermediate Algebra</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> Investment question - Please help with the formula, I can probably calculate myself from there.  I believe I have the formula wrong.\r<BR>\n" );
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document.write( "David split his $25,000 inheritance between Fidelity Short-Term Bond Fund with an annual yield of 5% and T.Rowe Price Tax-Free Short-IntermediateFund with an annual yield of 4%.  If his total income for one year one two investments was $1140, then how much did he invest in each fund? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #97940 by </B><A HREF=/tutors/aboutme.mpl?userid=Ganesha><B>Ganesha(13)</B></A><img src=\"/images/stars/stars-06.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Ganesha><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=97940\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let $x and #25000-x be the split invested in 5% and 4% annual yield bonds.The annual yields from the bonds = 0.05x + 0.04(25000-x) = 1140 ==><BR>\n" );
document.write( " 0.05x-0.04x =1140 - 25000*0.04 =1140 - 1000 = 140==><BR>\n" );
document.write( "x= 140/(.o1)=14000.\r<BR>\n" );
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document.write( "x=14000  and 25000-x = 1100 are the investment in 5% and 4% annual yield bonds<BR>\n" );
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