document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=56088>Question 56088</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An investor puts $3000 in 2 CDs, one of which earns 5% annually and the other earns 4% annually. After 2 years he has earned $260.  How much has he invested in each CD?\r<BR>\n" );
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document.write( "Can anyone solve this for me?  I am a total math loser!!\r<BR>\n" );
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document.write( "Thanks so much. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #38052 by </B><A HREF=/tutors/aboutme.mpl?userid=tutorcecilia><B>tutorcecilia(2152)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=tutorcecilia><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=tutorcecilia><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=38052\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> After 2 years he has earned $260.<BR>\n" );
document.write( "Since the amount earned is $260 for two years, divide by 2 to get the amount earned in one year:<BR>\n" );
document.write( "260/2=$130 interest earned in one year<BR>\n" );
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document.write( "So,<BR>\n" );
document.write( "x invested at 4% plus($3000-x)invested at 5%=$130 interest earned in one year.<BR>\n" );
document.write( ".04x+.05(3000-x)=130<BR>\n" );
document.write( ".04x+150-.05=130<BR>\n" );
document.write( ".04x-.05x=130-150<BR>\n" );
document.write( "-.01x=-20<BR>\n" );
document.write( "x=$2000<BR>\n" );
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document.write( "The CD at 4% earned = (.04)(2000)=$80 per year or $160 per two years<BR>\n" );
document.write( "The CD at 5% earned=(.05)($3000-$2000)=$50 per year or 100 per two years.<BR>\n" );
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