Solved

Liam Invested Some Money in the Abernathy Fund and $2,498

Question 23

Short Answer

Liam invested some money in the Abernathy Fund and $2,498 more than that amount in the Carlson Fund. For the year he was in these funds, the Abernathy fund paid 6% simple interest and the Carlson Fund paid 14% simple interest. If the income from the two funds totalled $2,250.12, then how much was invested in each fund?

Correct Answer:

verifed

Verified

$9,502 in ...

View Answer

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

Related Questions