document.write( "Question 56088: 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
\n" ); document.write( "\n" ); document.write( "Can anyone solve this for me? I am a total math loser!!\r
\n" ); document.write( "\n" ); document.write( "Thanks so much. \n" ); document.write( "
Algebra.Com's Answer #38053 by funmath(2933)\"\" \"About 
You can put this solution on YOUR website!
You are not a total math loser or you wouldn't have gotten this far. Let's be positive:
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\n" ); document.write( "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?
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\n" ); document.write( "Let the amount invested at 5% be:x
\n" ); document.write( "Then the rest of the $3000 is invested at 4%: 3000-x
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\n" ); document.write( "The interest formula is \"highlight%28I=Prt%29\", I=interest, P=principal, r=rate, t=time
\n" ); document.write( ".05(x)(2)+.04(3000-x)(2)=260
\n" ); document.write( ".10x+.08(3000-x)=260
\n" ); document.write( ".10x+240-.08x=260
\n" ); document.write( ".02x+240=260
\n" ); document.write( ".02x=260-240
\n" ); document.write( ".02x=20
\n" ); document.write( ".02x/.02=20/.02
\n" ); document.write( "x=1000
\n" ); document.write( "The amount invested at 5%:x=$1000
\n" ); document.write( "The amount invested at 4%:3000-x=3000-1000=$2000
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\n" ); document.write( "Happy Calculating!!! \n" ); document.write( "
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