An Accountant Has Money in Three Accounts That Pay 8

question 248

Multiple Choice

An accountant has money in three accounts that pay 8%, 10%, and 12% in annual interest. He has twice as much invested at 8% as he does at 10% and three times as much invested at 12% as he does at 10%. If the total interest from the three accounts if $372 for the year, how much is invested at each rate? ( Hint : Let x = the amount invested at 10%.)

• A)$1,200 invested at 8% $600 invested at 10% $1,800 invested at 12%
• B)$1,120 invested at 8% $560 invested at 8% $1,080 invested at 12%
• C)$1,140 invested at 8% $570 invested at 10% $1,710 invested at 12%
• D)$1,220 invested at 8% $610 invested at 10% $1,830 invested at 12%
• E)$1,260 invested at 8% $630 invested at 10% $1,890 invested at 12%

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Definitions:

Terman's Termites

A longitudinal study conducted by Lewis Terman that followed gifted children into adulthood to study their development and achievements.

Developmentally Delayed

Refers to individuals, often children, who experience significant delay in the acquisition of skills or reaching developmental milestones compared to the typical population.

Gifted Children

Children who demonstrate exceptional levels of capacity or potential in one or more domains such as intellectual, creative, artistic, or leadership.

Phonemes

The basic units of sound in language.