Solve the Problem. -If $2000 Is Invested at 10% Annual Interest, How Much

question 40

Multiple Choice

Solve the problem.
-If $2000 is invested at 10% annual interest, how much should be invested at 12% annual interest so that the total yearly income from both investments is $5000?

• A) $47,600
• B) $4760
• C) $4000
• D) $40,000

---

Definitions:

Functional Departments

Different segments within a company specialized in certain operations or responsibilities such as finance, marketing, or R&D.

External Failure Costs

Costs that are incurred when a product or service that is defective is delivered to a customer.

Warranty

A guarantee provided by a seller or manufacturer to a buyer that a product will meet certain performance and quality standards over a specified period.

Manufacturing Cycle Efficiency (MCE)

A performance metric that measures the efficiency of the manufacturing process, calculated as the value-added time divided by the total cycle time.