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If Arnold Invests $6500\$ 6500 At 4%4 \% Per Year, How Much Additional Money Must He Invest At How

Question 179

Multiple Choice

If Arnold invests $6500\$ 6500 at 4%4 \% per year, how much additional money must he invest at 10%10 \% to ensure that the interest he receives each year is 8%8 \% of the total invested?


A)
$13,000\$ 13,000
B)
$12,375\$ 12,375
C)
$18,000\$ 18,000
D)
$21,000\$ 21,000
E)
$22,500\$ 22,500

Correct Answer:

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