Word Problem... Question below. It was to long

Question

Bob had $20,000 to invest for one year and he invested different amounts in two accts. The first acc was a CD that earned interest at a 6% annual simple rate. The second acct was a money market that earned interest at 4.5% annual simple rate. If bob earned $1110 in interest from these investments, how much money did he invest in each account?

 

 

 

Need two equations

Answer 1

.045X + .06(20000-X) = 1110

-.015X = 1110 - 1200

X = 90/.015 = $6,000 invested in 4.5%

$14,000 invested in 6%