document.write( "Question 979818: The bank only stated the total number of certificates sold (125) and the total generated ($12,660). The bank manager needs to know the number of 6 month CODs purchased and the number of 12 month CODs purchased. 6 month CODs are $112 and 12 month CODs are $92. Write and solve a system of linear equations to determine how many of each type of certificate of deposits were sold. \n" ); document.write( "
Algebra.Com's Answer #601063 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! x=6 month \n" ); document.write( "y=12 month\r \n" ); document.write( "\n" ); document.write( "x+y=125 \n" ); document.write( "112x + 92y=12660\r \n" ); document.write( "\n" ); document.write( "-92x-92y=-11500, multiplying the top by -92 \n" ); document.write( "112x+92=12660\r \n" ); document.write( "\n" ); document.write( "20x=1160 \n" ); document.write( "x=58 6 month CD \n" ); document.write( "y=67 12 month CD\r \n" ); document.write( "\n" ); document.write( "58*112=$6496 \n" ); document.write( "67*92=$6194\r \n" ); document.write( "\n" ); document.write( "sum is $12,660 \n" ); document.write( " |