Solved

Solve the Problem. -Ms. Adams Received a Bonus Check for $18,000. She Decided

Question 115

Multiple Choice

Solve the problem.
-Ms. Adams received a bonus check for $18,000. She decided to divide the money among three different investments. With some of the money, she purchased a municipal bond paying 5.6% 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 3.3% simple interest. If
Ms) Adams' total interest for one year was $759, how much was placed in each account?


A) Solve the problem. -Ms. Adams received a bonus check for $18,000. She decided to divide the money among three different investments. With some of the money, she purchased a municipal bond paying 5.6% 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 3.3% simple interest. If Ms)  Adams' total interest for one year was $759, how much was placed in each account? A)    B)    C)    D)
B) Solve the problem. -Ms. Adams received a bonus check for $18,000. She decided to divide the money among three different investments. With some of the money, she purchased a municipal bond paying 5.6% 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 3.3% simple interest. If Ms)  Adams' total interest for one year was $759, how much was placed in each account? A)    B)    C)    D)
C) Solve the problem. -Ms. Adams received a bonus check for $18,000. She decided to divide the money among three different investments. With some of the money, she purchased a municipal bond paying 5.6% 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 3.3% simple interest. If Ms)  Adams' total interest for one year was $759, how much was placed in each account? A)    B)    C)    D)
D) Solve the problem. -Ms. Adams received a bonus check for $18,000. She decided to divide the money among three different investments. With some of the money, she purchased a municipal bond paying 5.6% 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 3.3% simple interest. If Ms)  Adams' total interest for one year was $759, how much was placed in each account? A)    B)    C)    D)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents