Solve the Problem. -Paul Has $25,000 to Invest. He Puts X Dollars in X

question 71

Multiple Choice

Solve the problem.
-Paul has $25,000 to invest. He puts x dollars in a safe government-insured certificate of deposit paying 4% per year. He invests the remainder of the money in noninsured corporate bonds paying 12% per year. His total interest earned at the end of the year is given by the algebraic expression 0.04x + 0.12(25,000 - x) . Simplify this expression.

• A) 3000 - 0.08x
• B) 3000 + 0.08x
• C) 3000 + 0.16x
• D) 3000 - 0.96x

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