Question

Last year, Amy invested her money in two purchases. She purchased a certificate of deposit for 12,000 that paid 6% interest per year and purchased 4000 in corporate bonds paying 5% interest per year. Do not do any rounding

What was the total interest earned at the end of 1 year?

What was the percent interest for her total investment.

Answer 1

interest= 12000*6/100+4000*5/100
=120*6+40*5
=720+200=920

Answer 2

total invest=12000+4000=16000
%interest= (920/16000)*100=92/16=5.78 %

Answer 3

@AwesomeAries

Answer 4

thank you!

Answer 5

wlcme :)