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Solve the Problem by Writing and Solving a Suitable System $18,000\$ 18,000

Question 65

Multiple Choice

Solve the problem by writing and solving a suitable system of equations.
-Alan invests a total of $18,000\$ 18,000 in three different ways. He invests one part in a mutual fund which in the first year has a return of 11%11 \% . He invests the second part in a government bond at 7%7 \% per year. The third part he puts in the bank at 5%5 \% per year. He invests twice as much in the mutual fund as in the bank. The first year Alan's investments bring a total return of $1500\$ 1500 . How much did he invest in each way?


A) m utual fund: $7400\$ 7400 ; bond: $6900\$ 6900 : bank: $3700\$ 3700
B) m utual fund: $8000\$ 8000 ; bond: $6000\$ 6000 : bank: $4000\$ 4000
C) m utual fund: $8000\$ 8000 ; bond: $7000\$ 7000 : bank: $4000\$ 4000
D) m utual fund: $8600\$ 8600 ; bond: $5100\$ 5100 : bank: $4300\$ 4300

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