document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=195540>Question 195540</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Pep invested x dollars in a savings account and y dollars in a certificate of deposit, for a totly investment of $500.\r<BR>\n" );
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document.write( "After 1 yr. he received 4% interest on the money in his savings account and 6% savings on the certificate of deposit for a totaly interest earned of $26.\r<BR>\n" );
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document.write( "Find out how much he invested at each rate. </SPAN>\n" );
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document.write( "Since the total amount Pep invested was $500, and since the amount invested in the savings account is x, then the amount invested in the CD is 500 – x\r<BR>\n" );
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document.write( "Since he earned 4% on his savings account investment of x, he then earned .04(x)\r<BR>\n" );
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document.write( "Also, since he earned 6% on his CD account investment of (500 – x), he then earned .06(500 - x)\r<BR>\n" );
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document.write( "So, total earned is:		.04x  +  .06(500 - x)  =  26\r<BR>\n" );
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document.write( "				.04x   +   .30  -  .06x  =  26\r<BR>\n" );
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document.write( "				- .02x    =   - 4<BR>\n" );
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document.write( "				        x   =   200<BR>\n" );
document.write( "Therefore, Pep invested $200, at 4% in his savings account, and $300, at 6% in his CD account.<BR>\n" );
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