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Travis Has a Savings Account That His Parents Opened for Him

Question 30

Multiple Choice

Travis has a savings account that his parents opened for him. It pays 8% annual interest. His uncle also opened an account for him, but it pays 14% annual interest. If there is $600 more in the account that pays 8%, and the total interest from both accounts is $202, how much money is in each of the accounts?


A) $1,270 invested at 8% $670 invested at 14%
B) $1,405 invested at 8% $805 invested at 14%
C) $1,360 invested at 8% $760 invested at 14%
D) $1,370 invested at 8% $770 invested at 14%
E) $1,300 invested at 8% $700 invested at 14%

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