Part of $7,000 Is Invested at 10%, Another Part at 11

question 12

Multiple Choice

Part of $7,000 is invested at 10%, another part at 11%, and the remainder at 12% yearly interest. The total yearly income from the three investments is $795. The sum of the amounts invested at 10% and 11% equals the amount invested at 12%. How much is invested at each rate?

• A)$1,000 at 10%, $2,500 at 11%, and $3,500 at 12%
• B)$500 at 10%, $2,000 at 11%, and $4,000 at 12%
• C)$1,500 at 10%, $2,000 at 11%, and $3,500 at 12%
• D)$500 at 10%, $2,500 at 11%, and $4,000 at 12%
• E)$1,500 at 10%, $3,000 at 11%, and $3,000 at 12%

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Definitions:

Customer Segments

The division of potential or existing customers into groups based on shared characteristics, to tailor marketing strategies and product offerings more effectively.

Supply Chain Responsiveness

The agility of a supply chain in responding to changes in demand, supply, and market conditions to maintain service levels and customer satisfaction.

Substitute Similar Products

Products that can be used in place of one another due to similarities in functionality, quality, or purpose.

Short Lead Times

The brief period between the initiation of a process and its completion, often associated with the efficiency of production or supply chain operations.