SOLUTION: Matthew's grandmother left him $10,000 for college. Matthew puts some of the money into a savings account earning 3% interest per year. With the rest, he buys a certificate of depo

Algebra ->  Polynomials-and-rational-expressions -> SOLUTION: Matthew's grandmother left him $10,000 for college. Matthew puts some of the money into a savings account earning 3% interest per year. With the rest, he buys a certificate of depo      Log On


   

Question 186468This question is from textbook algebra 1
: Matthew's grandmother left him $10,000 for college. Matthew puts some of the money into a savings account earning 3% interest per year. With the rest, he buys a certificate of deposit earning 5% per year.
Write an equation for the total money T matthew will have saved for college after one year. This question is from textbook algebra 1

Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
.05x+.03(10,000-x)=interest.
.05x+300-.03x=int.