Problem

You had $10,000 to invest. You put x dollars in a safe, government-insured certificate of...

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

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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