SOLUTION: a person plans to invest twice as much money in a LaSalle bank cd account at 2.5% annual interest as in Franklin's strategic mortgage account at 8% annual interest. how much should

Algebra ->  Coordinate Systems and Linear Equations  -> Lessons -> SOLUTION: a person plans to invest twice as much money in a LaSalle bank cd account at 2.5% annual interest as in Franklin's strategic mortgage account at 8% annual interest. how much should      Log On


   

Question 1149152: a person plans to invest twice as much money in a LaSalle bank cd account at 2.5% annual interest as in Franklin's strategic mortgage account at 8% annual interest. how much should the person invest in each account so that the total interest for one year will be $650?
Answer by josgarithmetic(39617) About Me  (Show Source):
You can put this solution on YOUR website!
x in Franklin's at 8%
2x in LaSalle's at 2.5%

0.08x%2B0.025%2A2x=650