SOLUTION: Ally inherits $65,000 and decides to invest part of it in an education account for her daughter and the rest in a 10-year CD. If the amount she puts in the education account is $12
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Question 994060: Ally inherits $65,000 and decides to invest part of it in an education account for her daughter and the rest in a 10-year CD. If the amount she puts in the education account is $12,000 more than twice the amount she puts in the CD, how much money does Ally invest in each account? Write an equation to solve this problem, if you could show how you came to it, and include units in this answer.
Thank you! Answer by solver91311(24713) (Show Source):
is the amount invested in the CD. Twice that amount is and 12,000 more than that is and this is the amount in the education account. The amount in the CD plus the amount in the education account is 65000, so:
John
My calculator said it, I believe it, that settles it
