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 deci
Mathematics
lindow29
Question
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 Answer

1. User Answers mpopella1
$460 is what you would earn in intrest 
2. User Answers Aliwohaish12
Interest earned
0.06×2,000+3,000×0.08=360