document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1080382>Question 1080382</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Henry and Kate want to invest&#8203; $10,000.00 for their daughter Elizabeth's future education. She invests a portion of the money in a bank certificate of deposit&#8203; (CD account) which earns&#8203; 4% and the remainder in a savings bond that earns&#8203; 7%. If the total interest earned after one year is&#8203; $600.00, how much money was invested in the CD&#8203; account? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #694588 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><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=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=694588\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let n and 10000-n be the amounts invested at 7% and 4%, respectively. Then:<BR>\n" );
document.write( ".07n+.04(10000-n)=600<BR>\n" );
document.write( ".03n=200<BR>\n" );
document.write( "n=$6666.67 invested at 7%, and $3333.33 invested at 4%. &#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );