Maude and Matilda each have a bank CD. Maude's is $1000

Last updated: 8/14/2022

Maude and Matilda each have a bank CD. Maude's is $1000 larger than Matilda's, but Maude's interest rate is 2% less. Last year Maude received interest of $840, and Matilda received $800. Determine the interest rate of each CD. A) Maude at 14%: Matilda at 16% B) Maude at 12%: Matilda at 14% C) Maude at 13%: Matilda at 15% D) Maude at 15%: Matilda at 17% E) Maude at 17%: Matilda at 19%