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Lynna [10]
4 years ago
10

Solve the problem. Susan purchased some municipal bonds yielding 7% annually and some certificates of deposit yielding 9% annual

ly. If Susan's investment amounts to $19,000 and the annual income is $1590, how much money is invested in bonds and how much is invested in certificates of deposit? a. $13,500 in bonds; $5500 in certificates of deposit b. $5500 in bonds; $13,500 in certificates of deposit c. $13,000 in bonds; $6000 in certificates of deposit d. $6000 in bonds; $13,000 in certificates of deposit
...?
Mathematics
1 answer:
romanna [79]4 years ago
6 0
The equations would be 

<span>Value: b + c = 19000
Interest: 0.07b + 0.09c = 1590

</span>0.07b + 0.09 (19,000 - b) = 1,590 
0.07b + 1,710 - .09b = 1,590 
<span>120 = .02b
 </span>
B = 6,000 
<span>C = 13,000
</span><span>
So the correct answer is </span><span>d. $6000 in bonds; $13,000 in certificates of deposit.
</span>
Thank you for posting your question. I hope that this answer helped you. Let me know if you need more help. 
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