document.write( "Question 1067717: A mother wants to invest $9,000.00 for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% and the remainder ina. Savings bond that earns 7%. If the total interest earned after one year is $540.00 , how much money was invested in the CD account ? \n" ); document.write( "
Algebra.Com's Answer #682827 by josmiceli(19441)\"\" \"About 
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Use the formula \"+I+=+P%2Ar%2At+\"
\n" ); document.write( "where \"+t+=+1+\" yr
\n" ); document.write( "---------------------
\n" ); document.write( "For interest on the CD:
\n" ); document.write( "\"+I%5B1%5D+=+P%5B1%5D%2Ar%5B1%5D%2At+\"
\n" ); document.write( "\"+I%5B1%5D+=+P%5B1%5D%2A.04%2A1+\"
\n" ); document.write( "(1) \"+I%5B1%5D+=+.04P%5B1%5D+\"
\n" ); document.write( "------------------------------
\n" ); document.write( "For interest on the savings bond:
\n" ); document.write( "\"+I%5B2%5D+=+P%5B2%5D%2Ar%5B2%5D%2At+\"
\n" ); document.write( "\"+I%5B2%5D+=+%28+9000+-+P%5B1%5D+%29%2A.07%2A1+\"
\n" ); document.write( "\"+I%5B2%5D+=+.07%2A9000+-+.07%2AP%5B1%5D+\"
\n" ); document.write( "(2) \"+I%5B2%5D+=+630+-+.07P%5B1%5D+\"
\n" ); document.write( "-------------------------------
\n" ); document.write( "(3) \"+I%5B1%5D+%2B+I%5B2%5D+=+540+\"
\n" ); document.write( "(3) \"+I%5B2%5D+=+540+-+I%5B1%5D+\"
\n" ); document.write( "-------------------------------
\n" ); document.write( "Plug (1) into (3)
\n" ); document.write( "(3) \"+I%5B2%5D+=+540+-+.04P%5B1%5D+\"
\n" ); document.write( "Plug (3) into (2)
\n" ); document.write( "(2) \"+540+-+.04P%5B1%5D+=+630+-+.07P%5B1%5D+\"
\n" ); document.write( "(2) \"+.03P%5B1%5D+=+90+\"
\n" ); document.write( "(2) \"+P%5B1%5D+=+3000+\"
\n" ); document.write( "and
\n" ); document.write( "(1) \"+I%5B1%5D+=+.04P%5B1%5D+\"
\n" ); document.write( "(1) \"+I%5B1%5D+=+.04%2A3000+\"
\n" ); document.write( "(1) \"+I%5B1%5D+=+120+\"
\n" ); document.write( "------------------------
\n" ); document.write( "$3,000 was invested in the CD account
\n" ); document.write( "------------------------------------
\n" ); document.write( "check:
\n" ); document.write( "\"+P%5B1%5D+%2B+P%5B2%5D+=+9000+\"
\n" ); document.write( "\"+P%5B2%5D+=+9000+-+3000+\"
\n" ); document.write( "\"+P%5B2%5D+=+6000+\"
\n" ); document.write( "and
\n" ); document.write( "\"+I%5B2%5D+=+540+-+I%5B1%5D+\"
\n" ); document.write( "\"+I%5B2%5D+=+540+-+120+\"
\n" ); document.write( "\"+I%5B2%5D+=+420+\"
\n" ); document.write( "and
\n" ); document.write( "\"+I%5B2%5D+=+P%5B2%5D%2Ar%5B2%5D%2At+\"
\n" ); document.write( "\"+420+=+6000%2A.07+\"
\n" ); document.write( "\"+420+=+420+\"
\n" ); document.write( "OK \r
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