# SOLUTION: A women has \$56,000. Part is invested for 1year in a CD paying 7% interest, and the remaining amount in a cash managements fund paying 10%. The total interest on the two investme

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 Click here to see ALL problems on Miscellaneous Word Problems Question 352038: A women has \$56,000. Part is invested for 1year in a CD paying 7% interest, and the remaining amount in a cash managements fund paying 10%. The total interest on the two investments is \$4,220. How much does she invest at each rate?Answer by mananth(12270)   (Show Source): You can put this solution on YOUR website!A women has \$56,000. Part is invested for 1year in a CD paying 7% interest, and the remaining amount in a cash managements fund paying 10%. The total interest on the two investments is \$4,220. How much does she invest at each rate? ... let x be invested in 7% 56000-x = invested in 10% ... interest = 4220 .. 0.07x+(56000-x)*0.1= 4220 0.07x +5600-0.1x=4220 -0.03x=4220-5600 -0.03x=-1380 x= -1380/0.03 x= \$46,000 @ 7% Balance at 10% m.ananth@hotmail.ca