document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=422623>Question 422623</A>: <I><SPAN STYLE=\"word-break: break-all;\"> To pay for their child’s college education, the parents invested $10,000 part in a certificate of deposit paying 8.5% annual interest, the rest un a mutual fund paying 7% annual interest. The annual income from the certificate of deposit is $200 more than the annual income from the mutual fund. How much money was put into each type of investment? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #318664 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=318664\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .085m=.07(10000-m)+200<BR>\n" );
document.write( ".085m=900-.07m<BR>\n" );
document.write( ".155m=900<BR>\n" );
document.write( "m=900/.155=5806.45<BR>\n" );
document.write( "10000-m=4193.54<BR>\n" );
document.write( "The parents invested $5806.45 at 8.5%, and $4193.54 at 7%..<BR>\n" );
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