A few days ago
Christina M

Please help me with this math question. I have been working on it for the past 30 minutes.?

A mother wants ot invest $9,000.00 for her son’s future education. She invests a portion of the money in a bank certficate deposit (CD account) wich earns 4% and the remainder in a savings bond that earns 7%. If the total interest after one year $540.00, how much money was invested in the CD account?

Top 4 Answers
A few days ago
Miss. Tee98

Favorite Answer

ooowwww…word problems…not my thing that’s why I majored in English
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A few days ago
Linda M
You need to relate the terms to each other so you have only one variable.

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

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A few days ago
Sarah W
Let x= amount invest at 4%….

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 🙂

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A few days ago
nerdychickita
you have to use a systems of equations. let x=CD account & y = savings bond

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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