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An Executive Invests $35,000, Some at 6% and Some at 7

Question 63

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An executive invests $35,000, some at 6% and some at 7% annual interest.If he receives an annual return of $2,150, how much is invested at each rate?


A) $30,000\quad \$ 30,000 at 7%,$5,0007 \% , \$ 5,000 at 6%6 \%
B) $31,100\$ 31,100 at 6%,$3,9006 \% , \$ 3,900 at 7%7 \%
C) $30,000\quad \$ 30,000 at 6%,$5,0006 \% , \$ 5,000 at 7%7 \%
D) $30,500\quad \$ 30,500 at 6%,$4,5006 \% , \$ 4,500 at 7%7 \%
E) $31,000\quad \$ 31,000 at 6%,$4,0006 \% , \$ 4,000 at 7%7 \%

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