Liam Invested Some Money in the Abernathy Fund and $8,436

question 17

Multiple Choice

Liam invested some money in the Abernathy Fund and $8,436 more than that amount in the Carlson Fund. For the year he was in these funds, the Abernathy fund paid 8% simple interest and the Carlson Fund paid 11% simple interest. If the income from the two funds totalled $2,175.12, then how much was invested in each fund?

• A) $6,564 in Abernathy and $15,000 in Carlson
• B) $16,500 in Abernathy and $8,064 in Carlson
• C) $8,064 in Abernathy and $16,500 in Carlson
• D) $15,000 in Abernathy and $6,564 in Carlson

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Definitions:

Demand Curve

The curve that illustrates the quantity of a product that consumers are willing and able to buy at each possible price level.

Number Of Consumers

The total count of individuals or entities that purchase goods and services in a specific market.

Clone

The process of creating an exact replica of an organism, tissue, cell, or gene, often used in scientific research.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers.