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Question A mother wants to invest $13,000.00 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 $780.00, how much money was invested in the CD account? The total interest earned after one year is $780.00 How much money was invested in the CD account? $[ ]

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Question

A mother wants to invest $13,000.00 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 $780.00, how much money was invested in the CD account?

The total interest earned after one year is $780.00

How much money was invested in the CD account? $[    ]

 
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