If Arnold Invests $\$ 6500$ At $4 \%$ Per Year, How Much Additional Money Must He Invest At How

question 179

Multiple Choice

If Arnold invests $\$ 6500$ at $4 \%$ per year, how much additional money must he invest at $10 \%$ to ensure that the interest he receives each year is $8 \%$ of the total invested?

• A)
• \(\$ 13,000\)
• B)
• \(\$ 12,375\)
• C)
• \(\$ 18,000\)
• D)
• \(\$ 21,000\)
• E)
• \(\$ 22,500\)

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