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Paula Split an Inheritance Between Two Investments, One a Certificate

Question 95

Multiple Choice

Paula split an inheritance between two investments, one a certificate of deposit paying 7% annual interest, and the other a promising biotech company offering an annual return of 10%. She invested twice as much in the 10% investment as she did in the 7% investment. If her combined annual income from the two investments was $2,700, how much did she inherit?


A) $22000
B) $32000
C) $20000
D) $30000
E) $31000

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