Part of $3,800 Is Invested at 12%, Another Part at 13

question 13

Multiple Choice

Part of $3,800 is invested at 12%, another part at 13%, and the remainder at 14%. The total yearly income from the three investments is $506. The sum of the amounts invested at 12% and 13% equals the amount invested at 14%. Determine how much is invested at each rate.

• A)$1,100 at 12%, $800 at 13%, $1,900 at 14%
• B)$700 at 12%, $1,200 at 13%, $1,900 at 14%
• C)$700 at 12%, $1,900 at 13%, $1,200 at 14%
• D)$600 at 12%, $1,300 at 13%, $1,900 at 14%
• E)$800 at 12%, $1,300 at 13%, $1,700 at 14%

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Definitions:

Sales Order

A document issued by a business to a customer, confirming the sale of goods or services under specified terms.

Economic Order Quantity

The optimal quantity of stock to order at one time, considering holding costs and ordering costs, to minimize total inventory costs.

Safety Stock

Additional inventory kept on hand to prevent stockouts caused by fluctuations in demand or supply delays.

Lead Time

The amount of time it takes for a process to go from the initiation phase to its completion.