Set up an equation that can be used to solve the problem. Solve the equation and answer the question asked.
Susan purchased some municipal bonds yielding 7% annually and some certificates of deposit
yielding 9% annually. 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?
$13,000 in bonds; $6000 in certificates of deposit
$13,500 in bonds; $5500 in certificates of deposit
$5500 in bonds; $13,500 in certificates of deposit
$6000 in bonds; $13,000 in certificates of deposit
A retired couple has $190,000 to invest to obtain annual income. They want some of it invested in
safe certificates of deposit yielding 7%. The rest they want to invest in AA bonds yielding 10% per
year. How much should they invest in each to realize exactly $17,200 per year?
$130,000 at 7%; $60,000 at 10%
$120,000 at 7%; $70,000 at 10%
$140,000 at 10%; $50,000 at 7%
$130,000 at 10%; $60,000 at 7%
During an intramural basketball game, Team A scored 12 fewer points than Team B. Together, both
teams scored a total of 144 points. How many points did Team A score during the game?
Jeff starts driving at 45 miles per hour from the same point that Lauren starts driving at 50 miles per
hour. They drive in opposite directions, and Lauren has a half–hour head start. How long will they
be able to talk on their cell phones that have a 290–mile range?