SOLUTION: Jackie invested $12,000 in a certificate of deposit at 6% she also put $3,000 in a savings account at 3% how much interest will she earn after one year

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Jackie invested $12,000 in a certificate of deposit at 6% she also put $3,000 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 941457: Jackie invested $12,000 in a certificate of deposit at 6% she also put $3,000 in a savings account at 3% how much interest will she earn after one year
Answer by srinivas.g(540) About Me  (Show Source):
You can put this solution on YOUR website!
interest on $12,000 @ 6 % = 6 % of 12,000
= %286%2F100%29%2A12000
=6%2A120
= 720
Interest on $3000 @ 3 % = 3% of 3000
=%283%2F100%29%2A3000
=3%2A30
=90
total interest = 720+90
= 810
Result :$810