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Solve the Problem. -A Writer Received $39,000 as Royalty for Her Book. She

Question 13

Multiple Choice

Solve the problem.

-A writer received $39,000 as royalty for her book. She invested part of the money in bonds paying 6% interest annually. The rest she invested in a life insurance policy paying 12% interest annually.
If the total interest from the investments after 1 year is $4080, how much did she invest in bonds?


A) $30,000
B) $10,000
C) $11,000
D) $29,000

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