Multiple Choice
Set up an equation that can be used to solve the problem. Solve the equation and answer the question asked.
-Susan purchased some municipal bonds yielding 7% annually and some certificates of deposit yielding 9% annually. If Susan's investment amounts to $19,000 and the annual income is $1590, how much money is
Invested in bonds and how much is invested in certificates of deposit?
A) $5500 in bonds; $13,500 in certificates of deposit
B) $13,500 in bonds; $5500 in certificates of deposit
C) $6000 in bonds; $13,000 in certificates of deposit
D) $13,000 in bonds; $6000 in certificates of deposit
Correct Answer:
Verified
Correct Answer:
Verified
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