A Total of $50,000 Is Invested in Two Funds Paying

question 82

Multiple Choice

A total of $50,000 is invested in two funds paying 6.5% and 7.5% simple interest.The total yearly interest is $3600.How much is invested at the 6.5% rate?

• A) $28,000
• B) $12,000
• C) $26,000
• D) $15,000
• E) $20,000

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Definitions:

Dependable

Reliable and trustworthy; able to be counted on for consistent performance, support, or behavior over time.

Careful

Involves acting with thoughtfulness and caution, often to avoid mistakes or negative outcomes.

High-Mach

Personality traits characterized by manipulation and deceit as proposed in Machiavellianism theory.

Low-Mach

Refers to individuals who are not manipulative or deceitful and generally operate with honesty and integrity.