Solve the problem.A retired couple invested a total of $130,000. They invested some of the money in safe certificates of deposit yielding 5%. The remainder they invested in AA bonds yielding 10% per year. In the first year they made a total profit of $11,000. How much did they invest at each rate?

Question

A. $80,000 at 5% and $50,000 at 10%
B. $90,000 at 10% and $40,000 at 5%
C. $90,000 at 5% and $40,000 at 10%
D. $100,000 at 10% and $30,000 at 5%

Answer 1

Answer: B