Doris Invested Some Money at 7% and Some Money at 8

question 38

Multiple Choice

Doris invested some money at 7% and some money at 8%. She invested $4,000 more at 8% than she did at 7%. Her total yearly interest from the two investments was $920. How much did Doris invest at each rate?

• A)$100 at 7%, $7,900 at 8%
• B)$5,000 at 7%, $8,000 at 8%
• C)$4,000 at 7%, $9,000 at 8%
• D)$4,000 at 7%, $8,000 at 8%
• E)$4,500 at 7%, $7,500 at 8%

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Definitions:

Management

The process of dealing with or controlling things or people, often within an organizational context.

Organizing Team

The process of bringing together a group of individuals to form a coordinated unit, aimed at achieving specific goals and objectives.

Reporting Structure

The arrangement of positions and relationships within an organization that defines who reports to whom.

Work Relationships

The social and professional connections that exist between individuals in a workplace, influencing collaboration, communication, and culture.