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
 
 
 
 
 
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
 
 
How much money was invested in the CD​ account?
​$nothing
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