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nitin-p

nitin-p

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nitin-p
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  • The total investment was 5000. Let x be the amount invested in the 1st CD, so 5000 - x is the amount in the 2nd. If the first pays 4% = .04 and the 2nd pays 5% = .05, and the total payoff is 228, then the equation is: (x)(0.04) + (5000 - x)(0.05)…
    in How do I do this algebra word problem? Comment by nitin-p May 2021
  • The total investment was 5000. Let x be the amount invested in the 1st CD, so 5000 - x is the amount in the 2nd. If the first pays 4% = .04 and the 2nd pays 5% = .05, and the total payoff is 228, then the equation is: (x)(0.04) + (5000 - x)(0.05)…
    in How do I do this algebra word problem? Comment by nitin-p May 2021
  • The total investment was 5000. Let x be the amount invested in the 1st CD, so 5000 - x is the amount in the 2nd. If the first pays 4% = .04 and the 2nd pays 5% = .05, and the total payoff is 228, then the equation is: (x)(0.04) + (5000 - x)(0.05)…
    in How do I do this algebra word problem? Comment by nitin-p May 2021

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