Anders Has $35,000 to Invest

question 12

Multiple Choice

Anders has $35,000 to invest. He invested part at 5.5% and part at 7%. His investments earned $2,195 total interest for the year. How much did Anders invest at each rate?

• A) $17,000; $18,000
• B) $18,000; $17,000
• C) $20,000; $15,000
• D) $15,000; $20,000
• E) $10,000; $25,000

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