Solved

A Total of $50,000 Is Invested in Two Funds Paying

Question 82

Multiple Choice

A total of $50,000 is invested in two funds paying 6.5% and 7.5% simple interest.The total yearly interest is $3600.How much is invested at the 6.5% rate?


A) $28,000
B) $12,000
C) $26,000
D) $15,000
E) $20,000

Correct Answer:

verifed

Verified

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

Related Questions

Q77: Determine which ordered pair is a solution

Q78: The supply and demand equations for a

Q79: Write a system of inequalities whose solution

Q80: Find the equation of the parabola <img

Q81: Which of the following three ordered triples

Q83: Solve the system by elimination. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2036/.jpg"

Q84: Solve the system of equations below by

Q85: A real estate company borrows $2,000,000.Some of

Q86: Find the maximum value of the objective

Q87: Solve the system by the method of