document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1005189>Question 1005189</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ingrid invested $24,000 in two separate accounts, a mutual fund and a CD that pay 8% and 9% annual interest, respectively. If her annual interest was $2,020 how much did she invest 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 #621533 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=621533\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Ingrid invested $24,000 in two separate accounts, a mutual fund and a CD that pay 8% and 9% annual interest, respectively. If her annual interest was $2,020 how much did she invest in each account? <BR>\n" );
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document.write( "Quantity Eq:: e + n = 24000<BR>\n" );
document.write( "Interest Eq: 0.08e + 0.09n = 2020<BR>\n" );
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document.write( "Modify for elimination:<BR>\n" );
document.write( "8e + 8n = 8*24000<BR>\n" );
document.write( "8e + 9n = 202000<BR>\n" );
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document.write( "Subtract and solve for \"n\"::<BR>\n" );
document.write( "n = $10,000 (amt invested at 9%)<BR>\n" );
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document.write( "e = 24000-n = $14000 (amt invested at 8%)<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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