Multiple Choice
A total of $32,000 is invested in two municipal bonds that pay 5.75% and 6.25% simple interest.The investor wants an annual interest income of $1,900 from the investments.What amount should be invested in the 5.75% bond?
A) $31,800
B) $20,000
C) $32,000
D) $20,300
E) $20,100
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q22: Solve the system of linear equations
Q23: Thirty liters of a 40% acid
Q24: Solve the system of linear equations
Q25: Solve the system of linear equations
Q26: An airplane flying into a headwind travels
Q28: Solve the system of linear equations
Q29: Solve the system of linear equations
Q30: Solve the system of linear equations
Q31: Solve the system of linear equations
Q32: Sixty liters of a 43% acid