Jande B.

asked • 03/05/16

how much was invested in the certificate of deposit

john invested some money in a certificate of deposit that earns 5.5% annual simple interest and $ 8,000 more in a municipal bond that earns 6% annual simple interest. if the amount of interest earned in one year was $1630, how much was invested in the certificate of deposit

1 Expert Answer

By:

Joshua Psalms T. answered • 03/05/16

Tutor
5 (5)

Civil EIT, Former College Professor of Mathematics (in Asia)

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