document.write( "Question 356969: Roopa Patel won a prize for her sculpture. She invested part of the money in a certificate of deposit at 4% and $3000 more than that amount in a bond paying 6%. Her annual interest income was $780. How much did Roopa invest at each rate? \n" ); document.write( "
Algebra.Com's Answer #254922 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Roopa Patel won a prize for her sculpture. She invested part of the money in a certificate of deposit at 4% and $3000 more than that amount in a bond paying 6%. Her annual interest income was $780. How much did Roopa invest at each rate? \n" ); document.write( "... \n" ); document.write( "$ x in CD @ 4% \n" ); document.write( "$(x+3000) in bond @ 6 % \n" ); document.write( "total interest income in 1 year was $780 \n" ); document.write( "... \n" ); document.write( "Interest equation \n" ); document.write( "0.04x+0.06x(x+3000)= 780 \n" ); document.write( "0.04x+0.06x+180 = 780 \n" ); document.write( "0.1x = 780-180 \n" ); document.write( "0.1x=600 \n" ); document.write( "x=600/0.1 \n" ); document.write( "x= $6000 @ 4% \n" ); document.write( "$3000 more @6% \n" ); document.write( "6000+3000=$9000 @6% \n" ); document.write( "... \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " \n" ); document.write( " |