A mother wants to invest $9,000 for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4& and the remainder in a savings bond that earns 7%. If the total interest earned after one year is $540.00, how much money was invested in the CD account?
The total interest earned after one year is $540.00.
How much money was invested after one year in the CD account?