Solve the problem.A person plans to invest $10,000 in a CD at 6% annual interest and in a mutual fund that has a 3-year average annual interest of 11%. Let x and y represent the money (in dollars) invested in the CD and the mutual fund, respectively. How much money should be invested in each account to earn a total of $800 in one year?

A. $6000 invested at 6%; $4000 invested at 11%
B. $4000 invested at 6%; $6000 invested at 11%
C. $7000 invested at 6%; $3000 invested at 11%
D. $5000 invested at 6%; $5000 invested at 11%


Answer: A

Mathematics

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