b + s = 15000
.04 b + .07 s = 900
solve the system for b and s
A mother wants to invest $15000 for her children's education. She invest a portion of the money in a bank certificate of deposit which earns 4 percent and the remainder in a savings bond which earns 7 percent. If the total interest earned after a year is $900 how much money was invested at each rate?
1 answer