Solved

Solve the Problem. -You Have $50,000 and Wish to Invest Part at 10

Question 69

Multiple Choice

Solve the problem.
-You have $50,000 and wish to invest part at 10% and the rest at 6%. How much should be invested at each rate to produce the same return as if it all had been invested at 9%?


A) $37,000 at 10%, $13,000 at 6%
B) $37,500 at 10%, $12,500 at 6%
C) $37,500 at 6%, $12,500 at 10%
D) $37,000 at 6%, $13,000 at 10%

Correct Answer:

verifed

Verified

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

Related Questions