Liam Invested Some Money in the Abernathy Fund at 5

Multiple Choice

Liam invested some money in the Abernathy Fund at 5% simple interest and twice as much at twice the rate in the Carlson Fund. If the simple-interest income from the two funds totalled $3055.75, then how much was invested in each fund?

A) $13,723 in Abernathy and $27,446 in Carlson
B) $14,323 in Abernathy and $28,646 in Carlson
C) $10,723 in Abernathy and $21,446 in Carlson
D) $12,223 in Abernathy and $24,446 in Carlson