SOLUTION: Last year, Sam invested his money in two purchases. He purchased a certificate of deposit for $2000 that paid 2% interest per year and purchased in corporate bonds paying 6% inter

Question 1203752: Last year, Sam invested his money in two purchases. He purchased a certificate of deposit for $2000 that paid 2% interest per year and purchased in corporate bonds paying 6% interest per year.
Found 2 solutions by ikleyn, josgarithmetic:
Answer by ikleyn(52855) (Show Source): You can put this solution on YOUR website!
.
Last year, Sam invested his money in two purchases. He purchased a certificate of deposit for $2000
that paid 2% interest per year and purchased in corporate bonds paying 6% interest per year.
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Answer by josgarithmetic(39625) (Show Source): You can put this solution on YOUR website!
The description is incomplete. $2000 went to a c.d. at 2% annual rate, but no given quantity for how much for the corporate bond 6% rate.
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