227k views
1 vote
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?

User Sangoku
by
6.5k points

2 Answers

5 votes

The answer (at least on edgenuity) is b. $360

User Andrew Plank
by
6.3k points
5 votes
Total interest earned
2,000×0.06+3,000×0.08
=360
User Vladislav
by
7.1k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.