Part of $9,000 Was Invested by an Investment Club at 10

question 30

Multiple Choice

Part of $9,000 was invested by an investment club at 10% interest and the rest at 12%. If the annual income from these investments is $1,060, how much was invested at each rate?

• A) $1,500 at 10% and $8,000 at 12%
• B) $8,000 at 10% and $1,000 at 12%
• C) $1,000 at 10% and $8,000 at 12%
• D) $2,000 at 10% and $8,000 at 12%
• E) $1,000 at 10% and $9,000 at 12%

Understand the principles and structure of the U.S. Constitution as it relates to federal authority.

Recognize the roles and limitations of the U.S. Congress, the President, and the Judiciary under the U.S. Constitution.

Identify the importance of the Bill of Rights and subsequent amendments in regulating business.

Understand the constitutional basis for the regulation of commercial speech.

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Definitions:

Greatest Risk

The highest level of risk or potential for harm or adverse effects in a given situation or for a specific condition.

Cognitive-Behavioral Therapy

An approach to psychological healing that focuses on improving mood and behavior by altering maladaptive thoughts, emotions, and actions.

Depression

A common mental disorder characterized by persistent sadness, loss of interest, and a lack of energy, among other symptoms.

Assertiveness

The quality of being self-assured and confident without being aggressive, enabling one to express one's opinions and needs directly and respectfully.