document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1051616>Question 1051616</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Bob plans to invest a total of $7,000 in a CD which returns 2.55% interest and a mutual fund which from past average he hopes returns 8%. How much should be invested in each account if the resulting annual interest earned from both accounts is $342? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #667108 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel555><B>jorel555(1290)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel555><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=667108\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let n be the amount invested at 8%. Then:<BR>\n" );
document.write( ".08n+.0255(7000-n)=342<BR>\n" );
document.write( ".0545n=163.5<BR>\n" );
document.write( "n=3000<BR>\n" );
document.write( "$3000 should be invested at 8%, and $4000 at 2.55%. &#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
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