Question:

Fernando invested money in a 3-yr CD (certificate of

Last updated: 7/17/2022

Fernando invested money in a 3-yr CD (certificate of

Fernando invested money in a 3-yr CD (certificate of deposit) that returned the equivalent of 4.1% simple interest. He invested $2000 less in a 30-month CD that had a 2% simple interest return. If the total amount of interest from these investments was $592.00, determine how much was invested in each CD.