How do i set this problem up?

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Ashley has  to invest and decides to put some in a CD that earns  interest per year and the rest in a low-risk stock that earns . How much did she invest in each to earn  interest in the first year?

Sep 10th, 2015

please provide the data to solve this question

that is i would require , the rate of interest for both, rate of interest earned and the amount she has to invest

Sep 10th, 2015

Ashley has \$120,000 to invest and decides to put some in a CD that earns 5 % interest per year and the rest in a low-risk stock that earns 1 %. How much did she invest in each to each to earn \$4,400

Sep 10th, 2015

let x be the amount invested in CD

120000 -x = amount invested in low risk stocks

interest on CD

I1 = 5x/100

interest on low risk stock

I2 = (120000-x)/100

total interest

I = I1+I2 = 5x/100 +(120000-x)/100 = 4400

4400 = 0.05x +1200-0.01x

4400 = 1200+0.04x

4400-1200 = 0.04x

3200 = 0.04x

x = 80,000

so she invests 80 000 in CD

and 120000-80000 = 40 000 in low risk stocks

Sep 10th, 2015

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Sep 10th, 2015
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Sep 10th, 2015
Dec 10th, 2016
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