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

Identify and apply strategies for positive self-management and peak performance.

Understand the importance of self-assessment and reflection in personal growth.

Recognize different learning styles and personality types and their impacts on personal and academic achievement.

Apply critical thinking skills in personal and academic contexts.

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Definitions:

Variable Cost

Expenses that vary directly with the level of production or sales, including costs for raw materials and direct labor.

Mixing Machines

Equipment used in various industries such as food, pharmaceuticals, and chemicals to combine or blend different ingredients into a homogeneous mixture.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a specified period.

Variable Cost

Expenses that change in proportion with production output or business activity level.