document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=872420>Question 872420</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Karen has a total of $4000, part in a savings account and the rest in a certificate of deposit (CD). Her savings account earns 6.5% interest annually. The CD pays 8% if the money is invested for 1 year. How much does she have in each investment if her interest earnings for the year will be $297.50?\r<BR>\n" );
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document.write( "I need a system of equations to describe this, a related matrix equation, a solution, and how much Karen has in each investment. Thanks! <3 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #526145 by </B><A HREF=/tutors/aboutme.mpl?userid=ewatrrr><B>ewatrrr(24785)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ewatrrr><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=ewatrrr><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=526145\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .08x + .065(4000 - x) = 297.50<BR>\n" );
document.write( "     .015x  = 32.50<BR>\n" );
document.write( "          x = 32.50/.015 = $2500 at 8% and $1500 at 6.5% </SPAN>\n" );
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