You Receive a Total of 1,350 a Year in Interest $5 \% , 6.5 \%$

question 13

Multiple Choice

You receive a total of 1,350 a year in interest from three investments. The interest rates for the three investments are $5 \% , 6.5 \%$ and 7.5% . The 6.5% investment is half of the 5% investment, and the 7.5% investment is 3000 less than the 5% investment. What is the amount of the $6.5 \%$ investment?

• A) \(\$ 5,000\)
• B) \(\$ 6,000\)
• C) \(\$ 10,000\)
• D) \(\$ 7,000\)
• E) \(\$ 3,000\)

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Definitions:

Intellectual Curiosity

The desire to learn, understand, and explore intellectual content and concepts beyond what is required or immediately necessary.

Big Five

The five basic dimensions of personality found in many factor analytic studies.

Factor Analysis

A statistical approach that explains the variance among observed, correlated variables through fewer, unseen variables known as factors.

Personality Structure

The organization and dynamic interplay of core aspects of personality, including traits, motives, and self-concepts.