Paula Split an Inheritance Between Two Investments, One a Certificate

question 95

Multiple Choice

Paula split an inheritance between two investments, one a certificate of deposit paying 7% annual interest, and the other a promising biotech company offering an annual return of 10%. She invested twice as much in the 10% investment as she did in the 7% investment. If her combined annual income from the two investments was $2,700, how much did she inherit?

• A) $22000
• B) $32000
• C) $20000
• D) $30000
• E) $31000

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Definitions:

Team Presentation

A presentation given by a group of people working together towards a common objective.

Winging

Relying on spontaneous or improvisational skills in a situation, usually without thorough preparation or a formal plan.

Fade Out

A gradual decrease in visibility or importance over time, often used in media and broadcasting.

Message Delivery

The process by which a message is conveyed from sender to receiver through a chosen communication channel.