document.write( "Question 901874: Ashley has $120, 000 to invest and decides to put some in a CD that earns 9 % interest per year and the rest in a low-risk stock that earns 3 %. How much did she invest in each to earn $ 9000 interest in the first year? \n" ); document.write( "
Algebra.Com's Answer #547005 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! x+y=120000, \n" ); document.write( "0.09*x+0.03*y=9000 \n" ); document.write( "x=120000-y \n" ); document.write( "0.09*(120000-y)+0.03*y=9000 \n" ); document.write( "10800-0.09y+0.03*y=9000 \n" ); document.write( "-0.06*y=-1800 \n" ); document.write( "y=30000 at 3% \n" ); document.write( "x=120000-y \n" ); document.write( "x=90000 at 9% \n" ); document.write( "check \n" ); document.write( "0.09*90000+0.03*30000=9000 \n" ); document.write( "8100+900=9000 \n" ); document.write( "9000=9000 \n" ); document.write( "ok \n" ); document.write( " \n" ); document.write( " |