SOLUTION: Sharon invested $4,000 in a certificate of deposit at 5%. She also put $500 in a savings account at 3%. How much interest will she earn after one year?

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Question 352755: Sharon invested $4,000 in a certificate of deposit at 5%. She also put $500 in a savings account at 3%. How much interest will she earn after one year?
Answer by sofiyac(983) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=4000*0.05*1=200
I=500*0.03*1=15
After calculating the interest for each investment you add the interests earned.
200+15=215