Brian invested $2000 in certificates of deposit. Some was placed in a 4% simple interest certificate of deposit and the rest in a 5% simple interest certificate of deposit. If at the end of the year, $86 was the total of the interest earned, how much did he invest in the 4% certificate?© BrainMass Inc. brainmass.com March 4, 2021, 8:17 pm ad1c9bdddf
Assume that he invested x dollars in the 4% certificate. Then 2000-x was ...
Initial value of an investment is calculated in this solution.