document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=899459>Question 899459</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ashley has $120,000 to invest and decides to put some in a CD that earns 5% interest per year and the rest in a low-risk stock that earns 1%. How much did she invest in each to earn $4,400 interest in the first year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #545418 by </B><A HREF=/tutors/aboutme.mpl?userid=swincher4391><B>swincher4391(1107)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=swincher4391><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=swincher4391><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=545418\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let x be part of the $120,000 we wish to invest under 5% interest.\r<BR>\n" );
document.write( "\n" );
document.write( "120000-x will be the other part of our $120,000 that we invest in the low-risk stock that earns 1%. With that we can set up our equation.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( ".05x + (120000-x)*.01 = 4400\r<BR>\n" );
document.write( "\n" );
document.write( ".05x + 1200 - .01x = 4400\r<BR>\n" );
document.write( "\n" );
document.write( ".04x = 3200\r<BR>\n" );
document.write( "\n" );
document.write( "x = 80000\r<BR>\n" );
document.write( "\n" );
document.write( "120000-x = 120000-80000 = 40000\r<BR>\n" );
document.write( "\n" );
document.write( "5%  : 80000<BR>\n" );
document.write( "1%  : 40000\r<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );