document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1109514>Question 1109514</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Two certificates of deposit pay interest at rates that differ by 4%. Money invested for one year in the first CD earns $120 interest. The same principal invested in the other CD earns $200. Find the two rates of interest. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #724513 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=724513\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let 2000 be the amount of principal invested. Let n/100 be the rate of interest on the first CD and n+4/100 be the amount paid on the second CD. Then:<BR>\n" );
document.write( "2000(n/100)=120<BR>\n" );
document.write( "2000(n+4/100)=200<BR>\n" );
document.write( "20n=120<BR>\n" );
document.write( "20n+80=200<BR>\n" );
document.write( "n=6<BR>\n" );
document.write( "n+4=10<BR>\n" );
document.write( "If 2000 was deposited at 6%, and another 2000 was invested at 10%, then you would have 120 and 200 interest at their respective rates<BR>\n" );
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document.write( " </SPAN>\n" );
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