SOLUTION: Karen has a total of $4000, part in a savings account and the rest in a certificate of deposit (CD). Her savings account earns 6.5% interest annually. The CD pays 8% if the money i
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Question 872420: Karen has a total of $4000, part in a savings account and the rest in a certificate of deposit (CD). Her savings account earns 6.5% interest annually. The CD pays 8% if the money is invested for 1 year. How much does she have in each investment if her interest earnings for the year will be $297.50?
I need a system of equations to describe this, a related matrix equation, a solution, and how much Karen has in each investment. Thanks! <3 Answer by ewatrrr(24785) (Show Source):
