Travis Has a Savings Account That His Parents Opened for Him

question 154

Multiple Choice

Travis has a savings account that his parents opened for him. It pays 6% annual interest. His uncle also opened an account for him, but it pays 12% annual interest. If there is $500 more in the account that pays 6%, and the total interest from both accounts is $129, how much money is in each of the accounts?

• A)$1,150 invested at 6%, $650 invested at 12%
• B)$1,044 invested at 6%, $544 invested at 12%
• C)$850 invested at 6%, $350 invested at 12%
• D)$1,141 invested at 6%, $641 invested at 12%
• E)$1,050 invested at 6%, $550 invested at 12%

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Definitions:

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