Solve the Problem. -Annika Invested in a Plan That Has an APR of Has

question 100

Multiple Choice

Solve the problem.

-Annika invested in a plan that has an APR of 8%. She invested in a 11% APR account $2500 more than she invested in the 8% account. If the total interest from the investments after 1 year is $3695,
Then what is the total amount that she invested?

• A) $38,500
• B) $20,500
• C) $33,500
• D) $36,000

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Definitions:

Quickly Scanning

Quickly scanning refers to rapidly reviewing or looking over material to grasp the main ideas or locate specific information.

Atkinson-Shiffrin Theory

A model of memory proposed by Richard Atkinson and Richard Shiffrin that describes human memory as having three key stages: sensory memory, short-term memory, and long-term memory.

Short-term Memory

The capacity for holding a small amount of information in an active, readily available state for a short period of time.

Sensory Memory

The shortest-term element of memory, it's the ability to retain impressions of sensory information after the original stimuli have ended, acting almost as a buffer for stimuli through the senses.