An Investment Adviser Invested $100,000 in Two Accounts

question 16

Multiple Choice

An investment adviser invested $100,000 in two accounts. One investment earned 9% annual simple interest, and the other investment earned 8.5% annual simple interest. The amount of interest earned for 1 year was $8700 How much was invested in each account?

• A)$49,000 → 9% ; $51,000 → 8.5%
• B)$40,000 → 9% ; $60,000 → 8.5%
• C)$73,000 → 9% ; $27,000 → 8.5%
• D)$36,000 → 9% ; $64,000 → 8.5%
• E)$34,000 → 9% ; $66,000 → 8.5%

---

Definitions:

Academic Track

A specific path in education designed to prepare students for a particular field of study or career.

African American Women

Women who are of African descent living in America, with experiences and cultures that are unique and diverse.

Professional Leaders

Individuals recognized for their expertise and leadership in their respective fields, playing significant roles in shaping and guiding their professions.

Emerging Adulthood

A phase of the life span occurring from late teens through the twenties, characterized by exploration and uncertainty in various aspects of life such as love and career.