document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=431993>Question 431993</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A mother wants to invest 12,000.00 for her son's future education. She invests a portion of the money in a bank certificate of deposite (CD accouts) which earns 4% and the remainder in a savings bond that earns 7%. if the total intrest earned after one year is $720.00 how much money was invested in the CD accounts.<BR>\n" );
document.write( "The total intrest earned after one year is $720.00. How much money was invested in the CD account? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #299685 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><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=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=299685\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let X equal the CD deposit,Y the savings bond deposit:\r<BR>\n" );
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document.write( "X+Y=12,000<BR>\n" );
document.write( ".04X+.07Y=720<BR>\n" );
document.write( "Multiply the second equation by 100:<BR>\n" );
document.write( "4X+7Y=72000<BR>\n" );
document.write( "4X+4Y=48000<BR>\n" );
document.write( "Subtract the second from the first , we get:<BR>\n" );
document.write( "3Y=24000<BR>\n" );
document.write( "Y=8000\r<BR>\n" );
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document.write( "If Y=8000, then X=4000. </SPAN>\n" );
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