A Student Has Money in Three Accounts That Pay 5

question 248

Multiple Choice

A student has money in three accounts that pay 5%, 7%, and 8% in annual interest. She has three times as much invested at 8% as she does at 5%. If the total amount she has invested is $1,900 and her interest for the year comes to $136, how much money does she have in each account?

• A) $325 at 5%, $600 at 7%, $975 at 8%
• B) $275 at 5%, $800 at 7%, $825 at 8%
• C) $350 at 5%, $500 at 7%, $1,050 at 8%
• D) $250 at 5%, $900 at 7%, $750 at 8%
• E) $300 at 5%, $700 at 7%, $900 at 8%

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Definitions:

Self-Determination

The process by which a person controls their own life, making choices and decisions based on their own preferences and interests without undue external influence.

Autonomy

The capacity to make decisions independently and the freedom to act according to one's own will without undue influence or coercion.

Decision-Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Free Agents

Individuals who provide their services or work independently, often without long-term commitments to any singular employer.