document.write( "Question 317349: joan had $1000 to invest. she invested part of the money in a COD that paid 4% annual simple interest, and the remainder in a mutual fund that paid 8% annual simple interest. the totsl interest of investments was $68.00. How much did Joan invest in each? \n" ); document.write( "
Algebra.Com's Answer #227328 by Fombitz(32388)![]() ![]() You can put this solution on YOUR website! Let A be the amount in the COD, B in the mutual fund. \n" ); document.write( "1. \n" ); document.write( ". \n" ); document.write( ". \n" ); document.write( " \n" ); document.write( "2. \n" ); document.write( "Multiply eq. 1 by -4 and add to eq. 2, \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Then from eq. 1, \n" ); document.write( " \n" ); document.write( " |