You Have $5000 to Invest

question 172

Short Answer

You have $5000 to invest. Part of the money will be invested in a CD earning 2% simple interest and the rest in a bond fund earning 3% interest. In one year you will earn $122.50 in interest.
How much did you invest in each account?

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Definitions:

Distributed-Functions

The allocation of different tasks or roles among various members of a group to enhance efficiency or effectiveness.

Leadership-Style

The approach or technique employed by a leader in guiding, influencing, or directing a group or organization.

Group Tasks

Activities or assignments undertaken collectively by a group aimed at achieving shared objectives.

Machiavellian Leaders

Leaders who use cunning, strategy, and expediency over moral or ethical considerations in governance or achieving power.