Multiple Choice
Part of $9,000 was invested by an investment club at 10% interest and the rest at 12%. If the annual income from these investments is $1,060, how much was invested at each rate?
A) $1,500 at 10% and $8,000 at 12%
B) $8,000 at 10% and $1,000 at 12%
C) $1,000 at 10% and $8,000 at 12%
D) $2,000 at 10% and $8,000 at 12%
E) $1,000 at 10% and $9,000 at 12%
Correct Answer:

Verified
Correct Answer:
Verified
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