A mother wants to invest $8,000.00 for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is $ 480.00 how much money was invested in the CD account? The total interest earned after one year is $480.00
A mother wants to invest $8,000.00 for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is $ 480.00 how much money was invested in the CD account? The total interest earned after one year is $480.00
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.3: Geometric Sequences
Problem 81E
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incorrect, 1.3.51
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A mother wants to invest
$8,000.00
for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is
$ 480.00
The total interest earned after one year is
$480.00
How much money was invested in the CD account?
$nothing
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