Set Up an Equation and Solve the Following Problem

question 20

Multiple Choice

Set up an equation and solve the following problem. A sum of $2,400 is invested, part of it at 10% interest and the remainder at 12%. If the interest earned by the 12% investment is $112 more than the interest earned by the 10% investment, find the amount invested at each rate.

• A) $1,100 at 10%, $1,300 at 12%
• B) $1,000 at 10%, $1,400 at 12%
• C) $800 at 10%, $1,600 at 12%
• D) $650 at 10%, $1,750 at 12%

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Definitions:

Interpretive Community

A group of people sharing similar approaches to reading, interpreting, and understanding texts or cultural artifacts.

Public Life

Aspects of an individual's life that are observed, encountered, or made accessible to the general public, often in contrast to private life.

Third Place

Any informal public place where people come together regularly for conversation and camaraderie when not at work or at home.

Overidentification

Refers to a situation where individuals are excessively classified into certain categories or groups, often seen in contexts like special education where students may be over-identified for services.