Solved

Solve. -Melissa Invested an Amount of Money in a Stock That

Question 149

Multiple Choice

Solve.
-Melissa invested an amount of money in a stock that earned an annual 3% return. She invested three times the original amount in another stock that earned an annual 5% return. If her total yearly
Return from both investments was $7200, find out how much she invested at 3%?


A) $40,000
B) $270,000
C) $30,000
D) $90,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions