document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=288440>Question 288440</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A man has $95,000 invested in stocks at 9%. How much additional money should he invest in CD's paying 3% so that the average return on the two investments is 4%? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #209148 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=209148\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> let him invest x in cd's \r<BR>\n" );
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document.write( "0.03x +0.09*95000 is the interest he will get\r<BR>\n" );
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document.write( "The total investment is x+95000. 4% of this amount must be equal to the interest  he will get without investment in cd's\r<BR>\n" );
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document.write( "4% of ( x+95000)= 0.04 * (x+95000)\r<BR>\n" );
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document.write( "0.03x+0.09*95000 = 0.04 * ( x+95000)\r<BR>\n" );
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document.write( "0.03x + 8550 = 0.04x +3800\r<BR>\n" );
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document.write( "0.01x= 8550-3800\r<BR>\n" );
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document.write( "0.01x= 4750\r<BR>\n" );
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document.write( "x= 4750 / 0.01\r<BR>\n" );
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document.write( "x= 475000 He has to invest $475,000 on 3% cd's. </SPAN>\n" );
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