# SOLUTION: Gary invested one-third of his insurance settlement in a CD that yielded 12%. He also invested one-third in Tara's computer business. Tara paid Gary 15% on his investment. IF Ga

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 Question 203682: Gary invested one-third of his insurance settlement in a CD that yielded 12%. He also invested one-third in Tara's computer business. Tara paid Gary 15% on his investment. IF Gary's total income from these investments was \$10,800 for one year, then what was the amount of his insurance settlementFound 2 solutions by rfer, MathTherapy:Answer by rfer(12726)   (Show Source): You can put this solution on YOUR website!.15x+.12(10800-x)=10800 .15x+1296-.12x=10800 .03x=9504 x=\$316800 Answer by MathTherapy(1480)   (Show Source): You can put this solution on YOUR website!Let Gary’s insurance settlement be i. Then he invested in the 12% CD. This means that his income from this investment is , which equals It also means that Gary invested in the 15% computer business. This means that his income from this investment is , which equals , Therefore, .04i + .05i = 10,800 .09i = 10,800 = \$120,000 Gary’s insurance settlement was: \$,.