Solve the Problem. -Don James Wants to Invest $63,000 to Earn $1547 Per

Multiple Choice

Solve the problem.
-Don James wants to invest $63,000 to earn $1547 per year. He can invest in B-rated bonds paying 3.9% per year or in a Certificate of Deposit (CD) paying 1.3% per year. How much money should be invested in each to realize
Exactly $1547 in interest per year?

A) $29,000 in B-rated bonds and $34,000 in a CD
B) $34,000 in B-rated bonds and $29,000 in a CD
C) $35,000 in B-rated bonds and $28,000 in a CD
D) $28,000 in B-rated bonds and $35,000 in a CD