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Paula Invested into Two Accounts; One Pays 7% Simple Interest

Question 107

Multiple Choice

Paula invested into two accounts; one pays 7% simple interest and the other pays 8% simple interest. She invested $2000 more in the account paying 8% than in the account paying 7%. At the End of the first year, Paula's total return was $1810. How much did she invest in each account?


A) $14,000 at 7%; $10,000 at 8%
B) $11,000 at 7%; $13,000 at 8%
C) $13,000 at 7%; $11,000 at 8%
D) $10,000 at 7%; $14,000 at 8%

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