This word problem has been a challange... Can you please help I dont even know where to start anymore...
A financial counselor recommends investing twice as much in CDs as in a bond fund. A client follow his advice and invests $21,000 in CDs paying 1% more interest than the fund. The CDs would generate $840 more interest than the fund. Find the two rates.
A financial counselor recommends investing twice as much in CDs as in a bond fund. A client follow his advice and invests $21,000 in CDs paying 1% more interest than the fund. The CDs would generate $840 more interest than the fund. Find the two rates.