Solve the problem.Don James wants to invest $53,000 to earn $5530 per year. He can invest in
bonds paying
per year or in a Certificate of Deposit (CD) paying
per year. How much money should be invested in each to realize exactly $5530 in interest per year?
A. $31,000 in B-rated bonds and $22,000 in a CD
B. $22,000 in B-rated bonds and $31,000 in a CD
C. $21,000 in B-rated bonds and $32,000 in a CD
D. $32,000 in B-rated bonds and $21,000 in a CD
Answer: A
Mathematics
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