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

Question

Quizplus · Accepted Answer

Simplifying the expression 0.04x + 0.12(25,000 - x) gives 0.04x + 3,000 - 0.12x, which simplifies further to 3,000 - 0.08x.

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