Liam Invested Some Money in the Abernathy Fund at 5

question 4

Multiple Choice

Liam invested some money in the Abernathy Fund at 5% simple interest and twice as much at twice the rate in the Carlson Fund. If the simple-interest income from the two funds totalled $3055.75, then how much was invested in each fund?

• A) $13,723 in Abernathy and $27,446 in Carlson
• B) $14,323 in Abernathy and $28,646 in Carlson
• C) $10,723 in Abernathy and $21,446 in Carlson
• D) $12,223 in Abernathy and $24,446 in Carlson

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Definitions:

Decision Confirmation

The process by which individuals seek to validate their choices through additional information or feedback from others.

Trial Close

A sales technique where the seller proposes a closing question or statement to gauge the buyer's readiness to complete the purchase.

Purchase Decision

The process by which a consumer selects a product or service over others based on various factors such as need, desire, price, and accessibility.

Limited Temporary Basis

A restricted and short-term arrangement or condition, often applied to agreements, access, or usage rights.