Solve the Problem. -Walt Made an Extra $10,000 Last Year from a Part-Time

question 62

Multiple Choice

Solve the problem.
-Walt made an extra $10,000 last year from a part-time job. He invested part of the money at 10% and the rest at 9%. He made a total of $960 in interest. How much was invested at 9%?

• A) $8000
• B) $5000
• C) $6000
• D) $4000

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Definitions:

Differential Revenue

The difference in revenue generated under two different scenarios or as a result of a specific action.

Additional Cost

Expenses incurred that are over and above the originally planned or estimated costs.

Selling Price

The amount at which a product or service is offered to customers for purchase.

Opportunity Cost

The benefit that is missed or given up when choosing one alternative over another.