Solve the Problem. -Ms. Adams Received a Bonus Check for $15,000. She Decided

Multiple Choice

Solve the problem.
-Ms. Adams received a bonus check for $15,000. She decided to divide the money among three different investments. With some of the money, she purchased a municipal bond paying 5.5% simple interest. She
Invested twice the amount she paid for the municipal bond in a certificate of deposit paying 4.4% simple
Interest. Ms. Adams placed the balance of the money in a money market account paying 3.1% simple interest. If
Ms. Adams' total interest for one year was $540, how much was placed in each account?

A) municipal bond: $1250
B) municipal bond: $2000 certificate of deposit: $2500 certificate of deposit: $4000
Money market: $11,250 money market: $9000
C) municipal bond: $1000
D) municipal bond: $1500 certificate of deposit: $2000 certificate of deposit: $3000
Money market: $12,000 money market: $10,500