Question
Alan invests a total of $19,000in three different ways. He invests one part in a mutual fund which in the first year has a return
Alan invests a total of $19,000in three different ways. He invests one part in a mutual fund which in the first year has a return of11%. He invests the second part in a government bond at7% per year. The third part he puts in the bank at5% per year. He invests twice as much in the mutual fund as in the bank. The first yearAlan's investments bring a total return of $1,630.
How much did he invest in eachway?
A. $10,600 in mutualfund, $3,100 inbond, and $5,300 in bank
B.
$10,000 in mutual fund, $5,000 in bond, and $5,000 in bank
C.
$9,400 in mutual fund, $4,900 in bond, and $4,700 in bank
D.
$10,000 in mutual fund, $4,000 in bond, and $5,000 in bank
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