Solved

Solve the Problem. -Helen Weller Invested $14,000 in an Account That Pays 10

Question 85

Multiple Choice

Solve the problem.
-Helen Weller invested $14,000 in an account that pays 10% simple interest. How much additional money must be invested in an account that pays 13% simple interest so that the average return on the two investments
Amounts to 11%?


A) $10,000
B) $7000
C) $11,000
D) $14,000

Correct Answer:

verifed

Verified

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

Related Questions