document.write( "Question 1111869: john invested some money in a certificate of deposite that earns 5.5% annual simple intrest and $8,000 more in a municipal bond that earns 6% annual simple interest. if the amount of interest earned in one year was $1630, how much was invested in the certificate of deposit? \n" ); document.write( "

Algebra.Com's Answer #727514 by mananth(16946) $\"\"$ $\"About$

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john invested some money in a certificate of deposits that earns 5.5% annual simple interest
\n" ); document.write( "Amount x at 5.5%
\n" ); document.write( "Interest earned = 5.5% x\r
\n" ); document.write( "\n" ); document.write( " and $8,000 more in a municipal bond that earns 6% annual simple interest.
\n" ); document.write( "8000 @ 6%
\n" ); document.write( "6%of 8000 = 480
\n" ); document.write( "the amount of interest earned in one year was $1630,\r
\n" ); document.write( "\n" ); document.write( "Interest I + Interest II = 1630\r
\n" ); document.write( "\n" ); document.write( "5.5%x+480= 1630
\n" ); document.write( "5.5x + 48000 =163000
\n" ); document.write( "5.5x = 163000 - 48000 \r
\n" ); document.write( "\n" ); document.write( "5.5x = 115000
\n" ); document.write( "x=20909
\n" ); document.write( "20909 was invested in the certificate of deposit\r
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\n" ); document.write( "\n" ); document.write( "Check
\n" ); document.write( "20909*5.5% +480 16299.99\r
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\n" ); document.write( "\n" ); document.write( "? \n" ); document.write( "

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