Solve Problems Using Systems in Three Variables

question 200

Multiple Choice

Solve Problems Using Systems in Three Variables
-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 4.1% simple interest. Ms. Adams placed the balance of the money in a money market account paying 3.1% simple interest. If Ms. Adams' total interest for one year was $428.40, how much was placed in each account?

• A) municipal bond: $1200
• B) municipal bond: $700 certificate of deposit: $2400 certificate of deposit: $1400
• Money market: $8400 money market: $9900
• C) municipal bond: $1700
• D) municipal bond: $950 certificate of deposit: $3400 certificate of deposit: $1900
• Money market: $6900 money market: $9150

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Definitions:

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A baked dish composed primarily of chicken, vegetables, a type of starch, and a binding ingredient such as cream or cheese.

Sick

A state of physical or mental ill health.

False Alternative

The fallacy of excluding relevant possibilities without justification.

Fallacy

An error in reasoning that renders an argument invalid or misleading.