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An Investment of $6000

Question 35

Multiple Choice

An investment of $6000.00 is divided between two simple interest accounts. On one account, the annual simple interest rate is 7.75%, and on the second account, the annual simple interest is 6.25%. How much should be invested in each account so that the total interest from the two accounts is $417?
(x at 7.75% and y at 6.25%.)


A) x = $2778; y = $3222
B) x = $417; y = $5583
C) x = $2800; y = $3200
D) x = $2841; y = $3159
E) x = $3200; y = $2800

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