document.write( "Question 157607: The Rileys have $27,000 to invest. they intend to invest part of the money in certificates of deposit at 8.5% and the remainder in a savings account at 5%. If they wish to receive the same income from each investment, how much should they invest in each? \n" ); document.write( "

Algebra.Com's Answer #116128 by josmiceli(19441) $\"\"$ $\"About$

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Let $\"x\"$ = amount invested at 8.5%
\n" ); document.write( "Let $\"27000+-+x\"$ = amount invested at 5%
\n" ); document.write( " $\".085x\"$ = income from 1st investment
\n" ); document.write( " $\".05%2827000+-+x%29\"$ = income from 2nd investment
\n" ); document.write( "It is given that
\n" ); document.write( " $\".085x+=+.05%2827000+-+x%29\"$
\n" ); document.write( " $\".085x+=+1350+-+.05x\"$
\n" ); document.write( " $\".135x+=+1350\"$
\n" ); document.write( " $\"x+=+10000\"$
\n" ); document.write( " $\"27000+-+x\"$
\n" ); document.write( " $\"27000+-+10000+=+17000\"$
\n" ); document.write( "They should invest $10,000 @ 8.5% and $17,000 @ 5% \n" ); document.write( "

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