Liam Invested Some Money in the Abernathy Fund at 7

question 22

Short Answer

Liam invested some money in the Abernathy Fund at 7% simple interest and twice as much at twice the rate in the Carlson Fund. If the simple-interest income from the two funds totalled $5036.85, then how much was invested in each fund?

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Definitions:

Group Size

Refers to the number of individuals forming a cohesive social unit or team.

Test Subject

An individual or entity being experimented on or observed in a study to gain insights or gather data.

Conformity

The act of matching attitudes, beliefs, and behaviors to what is considered normal or acceptable in a society or group.

Self-Esteem

One's overall sense of self-worth or personal value.