SOLUTION: A women has 27,000. part is invested for 1 year in certificate of deposit paying 7% interest, and the remaining amount in a cash management fund pay 9%. after 1 year, the total int
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Question 902752: A women has 27,000. part is invested for 1 year in certificate of deposit paying 7% interest, and the remaining amount in a cash management fund pay 9%. after 1 year, the total interest in the two investment is $2,110. how much is invested at each rate?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
x amount at 9%
.09x + .07(27000-x) = 2110
x = (2110 -1890)/.02 , amount at 9%. amount at 7% is
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