Question: A mother earned $ 8 7 5 0 . 0 0 from royalties on her cookbook. She set aside 2 0 % of this for

A mother earned $8750.00 from royalties on her cookbook. She set aside20% of this for a down payment on a new home. The balance will be used for her son's future education. She invests a portion of the money in a bank certificate of deposit(CD account) that earns4% and the remainder in a savings bond that earns7%. If the total interest earned after one year is $420.00, how much money was invested at each rate?

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