Paula Invested into Two Accounts; One Pays 7% Simple Interest

question 107

Multiple Choice

Paula invested into two accounts; one pays 7% simple interest and the other pays 8% simple interest. She invested $2000 more in the account paying 8% than in the account paying 7%. At the End of the first year, Paula's total return was $1810. How much did she invest in each account?

• A) $14,000 at 7%; $10,000 at 8%
• B) $11,000 at 7%; $13,000 at 8%
• C) $13,000 at 7%; $11,000 at 8%
• D) $10,000 at 7%; $14,000 at 8%

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Definitions:

Demonstrates Teamwork

Exhibiting the ability to work effectively and cooperatively with others in a group setting towards a common goal.

Delegating Tasks

The process of assigning responsibility and authority to others for the completion of specific tasks.

Supervising Patient Care

The process of overseeing and directing all aspects of a patient's care, often carried out by healthcare professionals to ensure quality and safety.

Skill Mix

The combination of different types of knowledge, abilities, and expertise among staff within a workplace.