Question:A
mother wants to invest $5000 for her son's future education. She
invests a portion of...
Question
A
mother wants to invest $5000 for her son's future education. She
invests a portion of...
A
mother wants to invest $5000 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 $300.00,
how much money was invested in the CD account?
The total interest earned after one year is $300.00.
How much money was invested in the CD account? $______