document.write( "Question 895619: a mother invest $13,000.00 for her son's future education she invests a portion of the money in a bank certificate of deposit (cd account) which earns 4% and the remainder in a savings bond that earns 7%. if the total interest after one year is $780.00, how much money was invested in the cd account. \n" ); document.write( "
Algebra.Com's Answer #546465 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! x+y=13000, \n" ); document.write( "0.04*x+0.07*y=780 \n" ); document.write( "x=13000-y \n" ); document.write( "0.04*(13000-y)+0.07*y=780 \n" ); document.write( "520-0.04y+0.07*y=780 \n" ); document.write( "0.03*y=260 \n" ); document.write( "y=8666.66667 at 7% \n" ); document.write( "x=13000-y \n" ); document.write( "x=4333.33333 at 4% \n" ); document.write( "check \n" ); document.write( "0.04*4333.33333+0.07*8666.66667=780 \n" ); document.write( "173.333333+606.666667=780 \n" ); document.write( "780.0=780 \n" ); document.write( "ok \n" ); document.write( " \n" ); document.write( " |