Laura inherits $30,000 and decides to invest part of it in an education account for her daughter and the rest in a 10-year CD. If the amount she puts in the education account is $5,000 more than twice the amount she puts in the CD, how much money does Laura invest in each account?

Question

Laura inherits $30,000 and decides to invest part of it in an education account for her daughter and the rest in a 10-year CD.  If the amount she puts in the education account is $5,000 more than twice the amount she puts in the CD, how much money does Laura invest in each account?

John1 · Answer

x + y = 30000 x= 5000 + 2y 5000 + 2y + y = 30000 3y = 25000 find y by dividing by 3 The find x, by subtracting this value from 30000.