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%

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