Linda invests $25,000 for one year. Part is invested at 5%, another part at 6%, and the rest at 8%. The total income from all 3 investments is $1600. The total income from the 5% and 6% investments is equal to the income
From the 8% investment. Find the amount invested at each rate.
A) $10,000 at 5%, $10,000 at 6%, $5000 at 8%
B) $5000 at 5%, $10,000 at 6%, $10,000 at 8%
C) $10,000 at 5%, $5000 at 6%, $10,000 at 8%
D) $8000 at 5%, $10,000 at 6%, $7000 at 8%

Question

Quizplus · Accepted Answer

The total income from the 5% and 6% investments equals the income from the 8% investment. Solving the equations: 0.05x + 0.06y + 0.08z = 1600 and 0.05x + 0.06y = 0.08z, with x + y + z = 25000, gives $10,000 at 5%, $5000 at 6%, and $10,000 at 8%.

Linda Invests $25,000 for One Year