Ms Hagan Invested Twice as Much Money in an Account

question 10

Multiple Choice

Ms. Hagan invested twice as much money in an account that pays interest as she did in an account that pays in interest. Her total investment pays her a year in interest. How much did she invest at each rate?

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Definitions:

Automaker

A company that manufactures automobiles, including cars, trucks, and other vehicles.

Straight Rebuys

Recurring purchases of the same goods or services without significant modification or consideration of new suppliers, typically routine for businesses.

Contract Negotiations

The process of discussing and determining the terms of a contract between two or more parties, aiming to reach a mutual agreement that benefits all involved.

Culture

The broad set of knowledge, beliefs, laws, morals, customs, and any other capabilities or habits acquired by humans as members of society.