(Answered) A mother wants to invest 500000 for her sons future

Management Studies

A mother wants to invest $5,000.00 for her son's future education. She invests a portion of the money in a bank 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 $300.00 how much money was invested in the CD account?

The total interest earned after one year is $300.00.

How much money was invested in the CD account?

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