joejoe247
06.12.2019 •
Mathematics
Ms. adams received a bonus check for $12,000. she decided to divide the money among three different investments. with some of the money, she purchased a municipal bond paying 5.8% simple interest. she invested twice the amount she paid for the municipal bond in a certificate of deposit paying 4.9% simple interest. ms. adams placed the balance of the money in a money market account paying 3.7% simple interest. if ms. adams' total interest for one year was $534, how much was placed in each account? a. municipal bond: $ 1500 certificate of deposit: $ 3000 money market: $ 7500 b. municipal bond: $ 2500 certificate of deposit: $ 5000 money market: $ 4500 c. municipal bond: $ 2000 certificate of deposit: $ 4000 money market: $ 6000 d. municipal bond: $ 1750 certificate of deposit: $ 3500 money market: $ 6750
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Ответ:
Ответ:
municipal bond be x
certificate of deposit 2x
money market (the rest) 12000-x-2x
Or 12000-3x
So
.058x+.049(2x)+.037(12000-3x)=534
Solve for x
X=2000 municipal bond
2000×2=4000 certificate of deposit
12000-3 (2000)=6000money market
The answer is c
Hope it helps
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