Solution-What was the total interest earned at the end of

What was the total interest earned at the end of year

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Last year, Chau invested his money in two purchases. He purchased a certificate of deposit for $3000 that paid 5% interest per year and purchased $7000 in corporate bonds paying 4% interest per year. Answer the questions below. Do not round your answer.

Question (a) What was the total interest earned at the end of 1 year?

Question (b) What was the percent interest for his total investment?

Reference no: EM132571015

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What was the total interest earned at the end of year

Reference no: EM132571015

Reference no: EM132571015

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