Solve. -How Can $42,000 Be Invested, Part at 4% Annual Simple

question 101

Multiple Choice

Solve.
-How can $42,000 be invested, part at 4% annual simple interest and the remainder at 10% annual simple interest, so that the interest earned by the two accounts is equal at the end of the year?

• A) $30,000 invested at 4%; $12,000 invested at 10%
• B) $22,000 invested at 4%; $20,000 invested at 10%
• C) $20,000 invested at 4%; $22,000 invested at 10%
• D) $12,000 invested at 4%; $30,000 invested at 10%

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Definitions:

Hypoglycemia

A condition characterized by abnormally low blood sugar levels, which can cause symptoms like dizziness, sweating, and confusion.

Insulin-Dependent Diabetes Mellitus

Also known as Type 1 diabetes, a chronic condition where the pancreas produces little or no insulin.

Gluconeogenesis

A metabolic process that generates glucose from non-carbohydrate substances, ensuring a constant supply of glucose to the body, especially during fasting.

Glycogen

A multi-branched polysaccharide of glucose that serves as a form of energy storage in animals and fungi, predominantly found in the liver and muscle tissues.