Solve the Problem. -You Have $50,000 and Wish to Invest Part at 10

question 69

Multiple Choice

Solve the problem.
-You have $50,000 and wish to invest part at 10% and the rest at 6%. How much should be invested at each rate to produce the same return as if it all had been invested at 9%?

• A) $37,000 at 10%, $13,000 at 6%
• B) $37,500 at 10%, $12,500 at 6%
• C) $37,500 at 6%, $12,500 at 10%
• D) $37,000 at 6%, $13,000 at 10%

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