Write an algebraic equation and use it to solve the problem.Don James wants to invest $58,000 to earn $6950 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 $6950 in interest per year?

A. $33,000 in B-rated bonds and $25,000 in a CD
B. $24,000 in B-rated bonds and $34,000 in a CD
C. $25,000 in B-rated bonds and $33,000 in a CD
D. $34,000 in B-rated bonds and $24,000 in a CD


Answer: A

Mathematics

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