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January 26, 2015

January 26, 2015

Posted by **JOE** on Monday, June 20, 2011 at 10:07am.

- COLLEGE ALEGBRA -
**drwls**, Monday, June 20, 2011 at 11:03amNever mind the algebra. Where can I get that 7% CD?

Seriously, solve this equation:

0.15x + 0.07(50,000-x) = 6000

x is the amount invested in 15% bonds.

50,000 -x is invested in the CD.

The equation can easily be solved in two steps.

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