document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1008669>Question 1008669</A>: <I><SPAN STYLE=\"word-break: break-all;\"> $2000 is invested in certificates of deposit. Some of the $2000 is placed in a 4% simple interest certificate of deposit and the rest in a 5% simple interest certificate of deposit. If at the end of the year, $88 was the total of the interest earned, how much was invested in the 5% certificate? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #624822 by </B><A HREF=/tutors/aboutme.mpl?userid=fractalier><B>fractalier(6550)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=fractalier><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=fractalier><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=624822\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Call the amount at 4%, x.<BR>\n" );
document.write( "Then the amount at 5% is 2000-x.<BR>\n" );
document.write( "The set up is like this<BR>\n" );
document.write( ".04x + .05(2000-x) = 88<BR>\n" );
document.write( ".04x + 100 - .05x = 88<BR>\n" );
document.write( "-.01x = -12<BR>\n" );
document.write( "x = $1200 at 4% so that<BR>\n" );
document.write( "2000-x = $800 at 5% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );