The left bank is offering CDs at 5%. The right bank is offering a money market account at 4%. If I have a total of $10,000 to invest in these accounts and want a return (accrued interest) on my money of $436 from both accounts at the end of one year, how much should I put into each account? Fill in below with the information to set up the system of equations: State your answer in complete sentences. $ put into CD account(________) + $ put into money market(_________) = Total $$ invested(__________) CD interest Money(_________) + Money market interest(________)=Total interest(__________)
The left bank is offering CDs at 5%. The right bank is offering a
Fill in below with the information to set up the system of equations: State your answer in complete sentences.
$ put into CD account(________) + $ put into money market(_________) = Total $$ invested(__________)
CD interest Money(_________) + Money market interest(________)=Total interest(__________)
Fill in below with the information to set up the system of equations: State your answer in complete sentences.
$ put into CD account (__X__) + $ put into money market (_10,000-X_) = Total $ invested (_10,000_)
CD interest Money (_X*5%_) + Money market interest (_(10,000-X)*4%__)=Total interest (_436_)
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