document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1015323>Question 1015323</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ashley has $ 120,000 to invest and decides to put some in a CD that earns 2 % interest per year and the rest in a low-risk stock that earns 1 %. How much did she invest in each to earn $1800 interest in the first year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #631675 by </B><A HREF=/tutors/aboutme.mpl?userid=FrankM><B>FrankM(1040)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=FrankM><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=FrankM><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=631675\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If she invest all at 1%, she'd have $1200 interest. <BR>\n" );
document.write( "If she invest all at 2%, she'd have $2400 interest. \r<BR>\n" );
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document.write( "$1800 is right in the middle, i.e. she saw a return of 1.5% so $60,000 at 1% and $60,000 at 2%. \r<BR>\n" );
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document.write( "Equations - \r<BR>\n" );
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document.write( "She invested $X at 1%, and (120000-x) at 2%\r<BR>\n" );
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document.write( ".01X + .02(120000)-.02X = 1800\r<BR>\n" );
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document.write( "-.01X + 2400 =1800\r<BR>\n" );
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document.write( "-.01X = -600\r<BR>\n" );
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document.write( "X = 60000  and 120000-60000=60000 as well, so $60000 at 1%, and $60000 at 2% </SPAN>\n" );
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