Fernando invested money in a 5-yr CD (certificate of deposit) that returned the equivalent of 3.3% simple interest. He invested S1000 less in a 18-month CD that had a 2% simple interest return. If the total amount of interest from these investments was $945.00, determine how much was invested in each CD.

Fernando invested $ 5000 on the 5-year CD and $ 4000 on the 18-month CD.

Step-by-step explanation:

Since Fernando invested money in a 5-yr CD (certificate of deposit) that returned the equivalent of 3.3% simple interest, and the invested $ 1000 less in a 18-month CD that had a 2% simple interest return, if the total amount of interest from these investments was $ 945.00, to determine how much was invested in each CD the following calculation must be performed:

3.3 x 5 = 16.5

2 x 1.5 = 3

4000 x 0.165 + 3000 x 0.03 = 750

6000 x 0.165 + 5000 x 0.03 = 1140

5000 x 0.165 + 4000 x 0.03 = 945

Therefore, Fernando invested $ 5000 on the 5-year CD and $ 4000 on the 18-month CD.

black/brown

step-by-step explanation:

well, you see here, jamal was born to 2 parents, his mother who he lives with and his father who left at a young age and who happens to be younger than him. he stole cookies because he has to steal food due to the fact that he spends his government poverty checks on pot and women.

describing distributions is one of the key skills you’ll need to earn a high score on the ap statistics exam. if you need proof of this, just flip through some past exam questions, which can be found at the collegeboard website. you’ll notice that the first free response question is almost always a question requiring you to look at a graph and describe it.

step-by-step explanation: just trying to get points sorry : (