Multiple Choice
Tyler has two savings accounts that his grandparents opened for him. The two accounts pay 10% and 16% in annual interest; there is $500 more in the account that pays 16% than there is in the other account. If the total interest for a year is $288, how much money does he have in each account?
A) $900 invested at 10%, $1,400 invested at 16%
B) $700 invested at 10%, $1,200 invested at 16%
C) $800 invested at 10%, $1,300 invested at 16%
D) $1,000 invested at 10%, $1,500 invested at 16%
E) $1,400 invested at 10%, $1,900 invested at 16%
Correct Answer:

Verified
Correct Answer:
Verified
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