Solve the Problem. -A Writer Received $39,000 as Royalty for Her Book. She

question 13

Multiple Choice

Solve the problem.

-A writer received $39,000 as royalty for her book. She invested part of the money in bonds paying 6% interest annually. The rest she invested in a life insurance policy paying 12% interest annually.
If the total interest from the investments after 1 year is $4080, how much did she invest in bonds?

• A) $30,000
• B) $10,000
• C) $11,000
• D) $29,000

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Definitions:

Budgeted Sales

The projected amount of sales revenue a company expects to earn over a specific period, often used for planning purposes.

Actual Sales

The real revenue generated from goods or services sold, measured within a specific period.

Implied Value

a value that is not directly stated but can be derived from given information through analysis or calculation.

Swiss Chalet Franchise

A business opportunity that involves becoming a part of the Swiss Chalet chain of restaurants, known for their rotisserie chicken.