Solve the problem.Zach is planning to invest up to $50,000 in corporate and municipal bonds. The least he will invest in corporate bonds is $9000 and he does not want to invest more than $27,000 in corporate bonds. He also does not want to invest more than $34,307 in municipal bonds. The interest is 8.2% on corporate bonds and 6.2% on municipal bonds. This is simple interest for one year. What is the maximum income?
A. $26,640
B. $30,640
C. $3640
D. $4788
Answer: C
Mathematics
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