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)![]() ![]() You can put this solution on YOUR website! Use the formula \n" ); document.write( "where \n" ); document.write( "--------------------- \n" ); document.write( "For interest on the CD: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "(1) \n" ); document.write( "------------------------------ \n" ); document.write( "For interest on the savings bond: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "(2) \n" ); document.write( "------------------------------- \n" ); document.write( "(3) \n" ); document.write( "(3) \n" ); document.write( "------------------------------- \n" ); document.write( "Plug (1) into (3) \n" ); document.write( "(3) \n" ); document.write( "Plug (3) into (2) \n" ); document.write( "(2) \n" ); document.write( "(2) \n" ); document.write( "(2) \n" ); document.write( "and \n" ); document.write( "(1) \n" ); document.write( "(1) \n" ); document.write( "(1) \n" ); document.write( "------------------------ \n" ); document.write( "$3,000 was invested in the CD account \n" ); document.write( "------------------------------------ \n" ); document.write( "check: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "and \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "and \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "OK \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |