Last year, Melissa invested her money in two purchases. She purchased a certificate of deposit for $1000 that paid 2% interest

Question

Last year, Melissa invested her money in two purchases. She purchased a certificate of deposit for $1000 that paid 2% interest per year and purchased $3000
in corporate bonds paying 7% interest per year.
Answer the questions below. Do not do any rounding.
(a) What was the total interest earned at the end of 1 year?
(b) What was the percent interest for her total investment?

Kunduz · Accepted Answer

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