(Answered) A mother wants to investnbsp800000nbspfor hernbspsons

Management Studies

A mother wants to invest ?$8000.00 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 $480.00, how much money was invested in the CD? account?

The total interest earned after one year is ?$480.00

How much money was invested in the CD? account?

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