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4 votes
Suppose you have $5000 to invest. A certificate of deposit (CD) earns 6% annual interest, while bonds, which are more risky, earn 8% annual interest. You decide to invest $2000 in a CD and the rest in bonds. How much interest will you have earned at the end of one year?

2 Answers

3 votes
Interest earned
0.06×2,000+3,000×0.08=360
User Melik
by
8.4k points
3 votes
$460 is what you would earn in intrest
User Busayo
by
7.8k points
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