Tyler Has Two Savings Accounts That His Grandparents Opened for Him

question 124

Multiple Choice

Tyler has two savings accounts that his grandparents opened for him. The two accounts pay 10% and 16% in annual interest; there is $500 more in the account that pays 16% than there is in the other account. If the total interest for a year is $288, how much money does he have in each account?

• A)$900 invested at 10%, $1,400 invested at 16%
• B)$700 invested at 10%, $1,200 invested at 16%
• C)$800 invested at 10%, $1,300 invested at 16%
• D)$1,000 invested at 10%, $1,500 invested at 16%
• E)$1,400 invested at 10%, $1,900 invested at 16%

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