Post a New Question


posted by .

Glenn invested some money is a certificate of deposit (CD) with an annual yield of 9%. He invested twice as much money in a mutual fund with an annualy yield of 12%. His interest from the two investments at the end of the year was $396. How much money was invested at each rate? (l=prt)

  • algebra -

    9% investment ---- $x
    12% investment ---$ 2x

    .09x + .12(2x) = 396

    I suggest multiplying each term by 100
    9x + 12(2x) = 39600

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question