SOLUTION: Ashley has $120,000 to invest and decides to put some in a CD that earns 5 % interest per year and the rest in a low-risk stock that earns 1 %. How much did she invest in each to e

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Question 1009957: Ashley has $120,000 to invest and decides to put some in a CD that earns 5 % interest per year and the rest in a low-risk stock that earns 1 %. How much did she invest in each to earn $4,400 interest in the first year?

Answer by waseempalestine(4) About Me  (Show Source):
You can put this solution on YOUR website!
4400=X*.05+(120000-X)*.01
X=80000 IN the 5%
& 40000 in the 1%