Solved

Solve the Problem by Writing and Solving a Suitable System $25,000\$ 25,000

Question 119

Multiple Choice

Solve the problem by writing and solving a suitable system of equations.
-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) $10,000\$ 10,000 at 5%,$50005 \%, \$ 5000 at 6%,$10,0006 \%, \$ 10,000 at 8%8 \%
B) $10,000\$ 10,000 at 5%,$10,0005 \%, \$ 10,000 at 6%,$50006 \%, \$ 5000 at 8%8 \%
C) $8000\$ 8000 at 5%,$10,0005 \%, \$ 10,000 at 6%,$70006 \%, \$ 7000 at 8%8 \%
D) $5000\$ 5000 at 5%,$10,0005 \%, \$ 10,000 at 6%,$10,0006 \%, \$ 10,000 at 8%8 \%

Correct Answer:

verifed

Verified

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

Related Questions