document.write( "Question 1191391: Translate to a system of equations and solve.
\n" ); document.write( "Mark wants to invest $10,000 to pay for his daughter's wedding next year. He will invest some of the money in a short term CD that pays 12% interest and the rest in a money market savings account that pays 5% interest. How much should he invest at each rate if he wants to earn $1,088 in interest in one year?
\n" ); document.write( "short term CD___$
\n" ); document.write( "money market___$
\n" ); document.write( "

Algebra.Com's Answer #823233 by Boreal(15235)\"\" \"About 
You can put this solution on YOUR website!
Short term=x
\n" ); document.write( "Long term=y
\n" ); document.write( ".12x+.05y=1088
\n" ); document.write( "x+y=10000
\n" ); document.write( "multiply top by -20 to eliminate y
\n" ); document.write( "-2.4x-7=-21760
\n" ); document.write( "so
\n" ); document.write( "-1.4x=-11760
\n" ); document.write( "x=$8400 @ 12%=($1008)
\n" ); document.write( "y=$1600 @5%=$80
\n" ); document.write( "
\n" );