<PRE><B>Question 279630</B>
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


x=-50/-0.01

x=5000 at 7%

$22000 @8%






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