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:

Causation

The action or process of causing something to happen or exist.

Level Of Education

Denotes the highest degree or stage of general education an individual has completed.

Income

The amount of money received on a regular basis from work, property, business, or as financial support.

Positively Correlated

A relationship between two variables in which they both move in the same direction, meaning that as one variable increases, the other also increases.