Last year, Ivan invested his money in two purchases. He purchased a certificate of deposit for $2000 that paid 4% interest per year and purchased $6000 in corporate bonds paying 9% interest per year. Answer the questions below. Do not do any rounding.
a) what was the total interest earned at the end of one year?
b) what was the percent interest for his total investment?
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Home » Mathematics » Last year, Ivan invested his money in two purchases. He purchased a certificate of deposit for $2000 that paid 4% interest per year and purchased $6000 in corporate bonds paying 9% interest per year. Answer the questions below.