SOLUTION: Laura inherits $35,000 and decides to invest part of it in an education account for her daughter and the rest in a 10-year CD. If the amount she puts in the education account is $

Question 1128038: Laura inherits $35,000 and decides to invest part of it in an education account for her daughter and the rest in a 10-year CD. If the amount she puts in the education account is $11,000 more than twice the amount she puts in the CD, how much money does Laura invest in the CD?
a. If x represents the amount she put into the CD, how would you represent the amount she invested in the education account using this x variable?
b. Write the equation that could be used to find the amount she invested in the CD.
c. How much did she invest in each account?

Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
total: 35,000
CD = x
education account = 2x+11,000
x+2x+11,000 = 35,000
3x = 24,000
x = 8,000
Laura invests $8,000 in the CD
And she invests 35,000-8,000 = 27,000 in an education account

RELATED QUESTIONS
Solve the equation: Ally inherits $65,000 and decides to invest part of it in an... (answered by stanbon)

Matt inherits $90,000 and decides to invest part of it in an education account for his... (answered by ikleyn)

Ally inherits $65,000 and decides to invest part of it in an education account for her... (answered by solver91311)

Diana inherits $45,000 and decides to invest part of it in an education account for her... (answered by ankor@dixie-net.com,addingup)

Alejandro inherits $25,000 to invest. He decides to invest part of in an education... (answered by stanbon)

camille receives an inheritance of $35,000(after taxes). she decides to invest all of it... (answered by stanbon)

Johnny Appleseed inherits $25,000 from his uncle and decides to invest part of it in a... (answered by checkley77)

A woman has a total of $7,000 to invest. She invests part of the money in an account that (answered by greenestamps)

Last year, Ivanna had $10,000 to invest. She invested some of it in an account that paid... (answered by josgarithmetic)