Mary Invested Same Amount of Money in Two Bond Funds

question 61

Multiple Choice

Mary invested same amount of money in two bond funds for 1 year. They pay interest at rates that differ by 4%. Money invested in the first fund earns $360, and money invested in the second fund earns $600. Find the bigger rate of interest.

• A)6%
• B)7%
• C)11%
• D)12%
• E)10%

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Definitions:

LLLP

A limited liability limited partnership, a type of partnership where some partners have limited liability (similar to limited partners in an LP) while also having the ability to participate in management.

General Partner

A general partner is an owner of a partnership who has unlimited liability and is typically involved in the day-to-day management of the business.

Share of Profit

An individual's or entity's portion of the net profits derived from a business venture, investment, or partnership.

Conversion

The wrongful act of taking or using someone else's property without permission, treating it as if it were one's own.