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 ear
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Question 899459: 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 swincher4391(1107) (Show Source):
You can put this solution on YOUR website! Let x be part of the $120,000 we wish to invest under 5% interest.
120000-x will be the other part of our $120,000 that we invest in the low-risk stock that earns 1%. With that we can set up our equation.
