Amanda N.

asked • 09/29/14

How much money was invested at each rate?

A mother wants to invest $7000 for her children's 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 $420, how much money was invested at each rate?

1 Expert Answer


Russ P. answered • 09/29/14

4.9 (135)

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