SOLUTION: Juanita invests $27,000 for one year. She invests part of it in a certificate of deposit paying 7% interest and the remaining amount in a cash management funding paying 9%. The tot
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Question 279630: Juanita invests $27,000 for one year. She invests part of it in a certificate of deposit paying 7% interest and the remaining amount in a cash management funding paying 9%. The total interest on her two investments is $2,110. How much did she invest ay each rate? Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! Juanita invests $27,000 for one year. She invests part of it in a certificate of deposit paying 7% interest and the remaining amount in a cash management funding paying 9%. The total interest on her two investments is $2,110. How much did she invest ay each rate?
7%--------------------8%--------------------total
x---------------------27000-x----------------2110
0.07x+0.08(27000-x)=2110
0.07x+2160-0.08x=2110
-0.01x=-50
