SOLUTION: David wants to invest some of his savings in a CD that pays 4% interest and $ 2000 more than that in a CD that pays 8%. If he wants to make a total of $ 760 interest in one year, h

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Question 1135172: David wants to invest some of his savings in a CD that pays 4% interest and $ 2000 more than that in a CD that pays 8%. If he wants to make a total of $ 760 interest in one year, how much money should he put in each account?
Answer by greenestamps(13200) About Me  (Show Source):
You can put this solution on YOUR website!


The conditions of the problem say that if x is the amount invested at 4% then the amount invested at 8% is x+2000.

The interest from x dollars at 4% interest is .04(x); the interest from (x+2000) dollars at 8% interest is .08(x+2000).

Write and solve the equation that says the sum of those two amounts of interest is $760.