Suppose that you receive an inheritance of $48,000. You decide to invest some of the money in stocks and some in certificates of deposit (CDs). Because the CDs are a less risky investment you want to put 3 times as much into CDs as stocks. How much are you going to invest in each type of account?

A. $12,000 in stocks
$36,000 in CDs
B. $36,000 in stocks
$12,000 in CDs
C. $16,000 in stocks
$32,000 in CDs
D. $32,000 in stocks
$16,000 in CDs
E. none of these


Answer: A

Mathematics

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