document.write( "Question 631552: you have 50,000 to invest. part of the money is to be invested in cds that are paying 1.5% per year, and the other part of the money will be invested in corporate bonds paying 4% per year. you wish to obtain an overall return rate of 2.5%. how much money should be placed in each investment \n" ); document.write( "

Algebra.Com's Answer #397654 by stanbon(75887) $\"\"$ $\"About$

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You have 50,000 to invest. part of the money is to be invested in cds that are paying 1.5% per year, and the other part of the money will be invested in corporate bonds paying 4% per year. you wish to obtain an overall return rate of 2.5%. how much money should be placed in each investment
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\n" ); document.write( "x + y = 50,000
\n" ); document.write( "0.015x + 0.04y = 0.025*50,000
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\n" ); document.write( "Modify:
\n" ); document.write( "15x + 15y = 15*50,000
\n" ); document.write( "15x + 40y = 25*50,000
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\n" ); document.write( "25y = 10*50,000
\n" ); document.write( "y = 10*2,000 = 20,000 (amt. to invest at 4%
\n" ); document.write( "x = 30,000 (amt. to invest at 1.5%
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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