Solution-Bank certificate of deposit

Bank certificate of deposit

Reference no: EM131350020

A mother wants to invest $9,000 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 $540.00, how much money was invested in the CD account?

The total interest earned after one year is $540.00.

How much money was invested after one year in the CD account?

Reference no: EM131350020

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Bank certificate of deposit : A mother wants to invest $9,000 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 o..

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Bank certificate of deposit

Reference no: EM131350020

Reference no: EM131350020

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