document.write( "Question 1080384: $2000 is invested in certificates of deposit. Some of the $3000 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 interest earned, how much was invested in the 5% certificate? \n" ); document.write( "
Algebra.Com's Answer #694587 by jorel1380(3719)![]() ![]() You can put this solution on YOUR website! Let n and 2000-n be the amounts deposited at 5% and 4%, respectively. Then: \n" ); document.write( ".05n+.04(2000-n)=88 \n" ); document.write( ".01n=8 \n" ); document.write( "n=$800 invested at 5%; $1200 invested at 4%. ☺☺☺☺ \n" ); document.write( " |