Solve the problem.A retired couple has $160,000 to invest to obtain annual income. They want some of it invested in safe Certificates of Deposit yielding 5%. The rest they want to invest in AA bonds yielding 10% per year. How much should they invest in each to realize exactly $13,500 in interest per year?

A. $110,000 at 5% and $50,000 at 10%
B. $120,000 at 10% and $40,000 at 5%
C. $110,000 at 10% and $50,000 at 5%
D. $100,000 at 5% and $60,000 at 10%


Answer: C

Mathematics

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A.
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