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Maude and Matilda Each Have a Bank CD 17%17 \% ; Matilda At

Question 98

Multiple Choice

Maude and Matilda each have a bank CD.Maude's is $1,000 larger than Matilda's, but Maude's interest rate is 2% less.Last year Maude received interest of $840, and Matilda received $800.Find the rate of
Interest for each CD.


A) Maude at 17%17 \% ; Matilda at 19%19 \%
B) Maude at 14%14 \% ; Matida at 21%21 \%
C) Maude at 14%14 \% ; Matilda at 17%17 \%
D) Maude at 17%17 \% ; Matida at 21%21 \%
E) Maude at 14%14 \% ; Matida at 16%16 \%

Correct Answer:

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