Solved

Linda Invests $25,000\$ 25,000 For One Year 5%5 \% , Another Part At

Question 178

Multiple Choice

Linda invests $25,000\$ 25,000 for one year. Part is invested at 5%5 \% , another part at 6%6 \% , and the rest at 8%8 \% . The total income from all 3 investments is $1600\$ 1600 . The income from the 5%5 \% and 6%6 \% investments is the same as the income from the 8%8 \% investment. Find the amount invested at each rate.


A) At 5%5 \% : $8000\$ 8000 ; at 6%:$10,0006 \%: \$ 10,000 ; at 8%:$70008 \%: \$ 7000
B) At 5%5 \% : $5000\$ 5000 ; at 6%:$10,0006 \%: \$ 10,000 ; at 8%:$10,0008 \%: \$ 10,000
C) At 5%5 \% : $10,000\$ 10,000 ; at 6%6 \% : $5000\$ 5000 ; at 8%8 \% : $10,000\$ 10,000
D) At 5\%: $10,000\$ 10,000 ; at 6%6 \% : $10,000\$ 10,000 ; at 8%8 \% : $5000\$ 5000

Correct Answer:

verifed

Verified

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

Related Questions