Posted by **Karen** on Thursday, September 1, 2011 at 9:12am.

Ed Moura has $29,000 invested in stocks paying 5%. How much additional money should he invest in certificates of deposit paying 2% so that the average return on the two investments is 3%?

- College Math -
**bobpursley**, Thursday, September 1, 2011 at 10:04am
return=sum of two returns

.03(29000+Y)=.05(29,000)+.2(Y)

solve for Y.

check my thinking.

- College Math -
**Anonymous**, Sunday, January 17, 2016 at 7:09pm
Ed Moura has

$50000

invested in stocks paying

7%.

How much additional money should he invest in certificates of deposit paying

2%

so that the average return on the two investments is

3%?

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