Please help me with this math question. I have been working on it for the past 30 minutes.?
Favorite Answer
Let the portion that earns 4% equal x 4%=.04
Let the portion that earns 7% equal 9000-x 7%=.07
then
.04(x)+.07(9000-x)=540
.04x+630-.07x=540
630-.03x=540
-.03x=-90
x=90/.03=90*100/3=9000/3=$3000
solve for x. X will give you the amount of money in the cd account
so….
.04x+.07(9,000-x) = 540
(solve for x)
So .07 times 9000
then .07 times -x
combine like terms, with the .04x.
Subtract whatever .07 times 9000 came out to be from both sides
-divide by (-x)….. this is the amount invested at 4%. To fine the amoutn at 7%, plug in x into the equation: .07(9,000-x) =amount invest at 7%.
Hope this helps 🙂
x+y=9000
.04x+.07y=540
.04x+.04y=360
.04x+.07y=540
–subtract them–
-.03y=-180
y=6000
x+6000=9000
x=3000
so x=3000 & y=6000
hope this helped!
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