Tyler Has Two Savings Accounts That His Grandparents Opened for Him

question 102

Multiple Choice

Tyler has two savings accounts that his grandparents opened for him. The two accounts pay 12% and 14% in annual interest; there is $550 more in the account that pays 14% than there is in the other account. If the total interest for a year is $272, how much money does he have in each account?

• A) $700 invested at 12%, $1,250 invested at 14%
• B) $750 invested at 12%, $1,300 invested at 14%
• C) $850 invested at 12%, $1,400 invested at 14%
• D) $900 invested at 12%, $1,450 invested at 14%
• E) $675 invested at 12%, $1,225 invested at 14%

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