document.write( "Question 1122575: Orlando Salavarrio, a financial planner, recommended that 20% of a client's investment be placed in a 4% annual simple interest tax-free account, 50% be placed in 7% certificates of deposit, and the remainder be placed in a 9% high-risk investment. The total interest earned from the investments would be $6300. Find the total amount to be invested.\r
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Algebra.Com's Answer #738847 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Let the amount invested be x. \n" ); document.write( "The total interest earned, $6300, is \n" ); document.write( "(1) 4% of the 20% of x: (.04)(.20)(x); plus \n" ); document.write( "(2) 7% of the 50% of x: (.07)(.50)(x); plus \n" ); document.write( "(3) 9% of the 30% of x: (.09)(.30)(x) \n" ); document.write( " \n" ); document.write( "The equation is easily solved to find the answer. \n" ); document.write( " |