An Investment Club Invested Part of $13,000 at 4% Annual

question 206

Multiple Choice

An investment club invested part of $13,000 at 4% annual interest and the rest at 5%. If the annual income from the investments is $690 and x represents the amount invested at 4%, which expression represents the amount invested at 5%?

• A) x + 13,000
• B) 690 - x
• C) x - 13,000
• D) 13,000 - x

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Definitions:

Property Taxes

Taxes imposed by local governments on real estate based on the property's assessed value, used to fund public services.

Assessments

Evaluations or appraisals to determine the value, performance, or condition of something, often used in educational, professional, or property contexts.

Lender

An individual, bank, or financial institution that provides funds to another with the expectation of being repaid.

Borrower

An individual or entity that takes funds from another under the agreement that the funds will be repaid, often with interest, over time.