how much money was invested in the CD​ account?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 13E
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A mother wants to invest

​$8 comma 000.00
 

for her​ son's future education. She invests a portion of the money in a bank certificate of deposit​ (CD account) which earns​ 4% and the remainder in a savings bond that earns​ 7%. If the total interest earned after one year is

$ 480.00 comma
 
how much money was invested in the CD​ account?
The total interest earned after one year is
​$480.00
.
 
How much money was invested in the CD​ account?
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