document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=890688>Question 890688</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ms. Adams received a bonus check for $15,000. She decided to divide the money among three different investments. With some of the money, she purchased a municipal bond paying 5.4% simple interest. She invested twice the amount she paid for the municipal bond in a certificate of deposit paying 4.7% simple interest. Ms. Adams placed the balance of the money in a money market account paying 3.4% simple interest. If Ms. Adams' total interest for one year was $625, how much was placed in each account? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #539296 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=539296\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Adams received a bonus check for $15,000.<BR>\n" );
document.write( "divides the money among three different investments.<BR>\n" );
document.write( " municipal bond paying 5.4% simple interest. <BR>\n" );
document.write( " invested twice the amount in a certificate of deposit paying 4.7% simple interest <BR>\n" );
document.write( " the balance of the money in a money market account paying 3.4% simple interest.<BR>\n" );
document.write( "total interest for one year was $625, how much was placed in each account?<BR>\n" );
document.write( ":<BR>\n" );
document.write( "Let x = amt in 5.4% bonds<BR>\n" );
document.write( "then<BR>\n" );
document.write( "2x = amt in 4.7% cds<BR>\n" );
document.write( "and<BR>\n" );
document.write( "15000-3x = amt paying 3.4%<BR>\n" );
document.write( ":<BR>\n" );
document.write( ".054x + .047(2x) + .034(15000-3x) = 625<BR>\n" );
document.write( ".054x + .094x + 510 - .102x = 625<BR>\n" );
document.write( ".046x = 625 - 510<BR>\n" );
document.write( ".046x = 115<BR>\n" );
document.write( "x = 115/.046<BR>\n" );
document.write( "x = 2500<BR>\n" );
document.write( "therefore we have<BR>\n" );
document.write( "$2500 in bonds (x)<BR>\n" );
document.write( "$5000 in cds (2x)<BR>\n" );
document.write( "$7500 in Money Mkt acct (15000-3x)<BR>\n" );
document.write( ":<BR>\n" );
document.write( ":<BR>\n" );
document.write( "Check this find the total<BR>\n" );
document.write( ".054(2500) + .047(5000) + .034(7500) = </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );