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You had $10,000 to invest. You put x dollars in a safe, government-insured certificate of deposit paying 5% per year. You invested the remainder of the money in noninsured corporate bonds paying 12% per year. Your total interest earned at the end of the year is given by the algebraic expression 0.05x + 0.12(10,000 – x). a. Simplify the algebraic expression. b. Use each form of the algebraic expression to determine your total interest earned at the end of the year if you invested $6000 in the safe, government-insured certificate of deposit.

You had $10,000 to invest. You put x dollars in a safe, government-insured certificate of deposit paying 5% per year. You invested the remainder of the money in noninsured corporate bonds paying 12% per year. Your total interest earned at the end of the year is given by the algebraic expression 0.05x + 0.12(10,000 – x). a. Simplify the algebraic expression. b. Use each form of the algebraic expression to determine your total interest earned at the end of the year if you invested $6000 in the safe, government-insured certificate of deposit.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter8: Polynomials
Section8.2: Multiplying A Polynomial By A Monomial
Problem 41PPS
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You had $10,000 to invest. You put x dollars in a safe, government-insured certificate of deposit paying 5% per year. You invested the remainder of the money in noninsured corporate bonds paying 12% per year. Your total interest earned at the end of the year is given by the algebraic expression 0.05x + 0.12(10,000 – x). a. Simplify the algebraic expression. b. Use each form of the algebraic expression to determine your total interest earned at the end of the year if you invested $6000 in the safe, government-insured certificate of deposit.
Transcribed Image Text:You had $10,000 to invest. You put x dollars in a safe, government-insured certificate of deposit paying 5% per year. You invested the remainder of the money in noninsured corporate bonds paying 12% per year. Your total interest earned at the end of the year is given by the algebraic expression 0.05x + 0.12(10,000 – x). a. Simplify the algebraic expression. b. Use each form of the algebraic expression to determine your total interest earned at the end of the year if you invested $6000 in the safe, government-insured certificate of deposit.
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