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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