Multiple Choice
Linda invests $25,000 for one year. Part is invested at 5%, another part at 6%, and the rest at 8%. The total income from all 3 investments is $1600. The combined income from the 5% and 6% investments is the same as
The income from the 8% investment. Find the amount invested at each rate.
A) $10,000 at 5%; $10,000 at 6%; $5000 at 8%
B) $10,000 at 5%; $5000 at 6%; $10,000 at 8%
C) $5000 at 5%; $10,000 at 6%; $10,000 at 8%
D) $8000 at 5%; $10,000 at 6%; $7000 at 8%
Correct Answer:

Verified
Correct Answer:
Verified
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