SOLUTION: A mother wants to invest $11,000 for her son's future education. She invests a portion of the money in a bank of certificate of deposit (CD account) which earns 4% and the remainde
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Question 531691: A mother wants to invest $11,000 for her son's future education. She invests a portion of the money in a bank of 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 $660.00, how much money was invested in the CD account? Answer by scott8148(6628) (Show Source):
