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%

Explore the role of minority influence and the processes through which minorities can impact group norms and decisions.

Understand the impact of group size, composition, and cultural background on conformity and social influence.

Consider the role of self-categorization in social influence, emphasizing how individuals perceive and align with group norms.

Understand the characteristics and behaviours of minorities that can challenge and influence the majority viewpoint.

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Definitions:

Job-order Costing

A cost accounting system that assigns costs to specific production batches or jobs.

Manufacturing Overhead

All manufacturing costs that are not directly associated with the production of goods, including costs related to indirect materials, indirect labor, and other indirect expenses.

Cost of Goods Sold

Represents the direct costs attributable to the production of the goods sold in a company.

Raw Materials

The basic materials that are processed or used in the manufacturing of goods or finished products.