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?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> 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?       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 781016: 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 rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
(4000*0.05)+(500*0.03)=$215