Sam has $20,000 to invest. He invested part at 5% and part at 6%. His investments earned $1,120 total interest for the year. How much did Sam invest at each rate?
A) $12,000; $8000
B) $10,000; $10,000
C) $6000; $14,000
D) $14,000; $6000
E) $8000; $12,000

Question

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The Answer of Sam has $20,000 to invest. He invested part at 5% and part at 6%. His investments earned $1,120 total interest for the year. How much did Sam invest at each rate?
A) $12,000; $8000
B) $10,000; $10,000
C) $6000; $14,000
D) $14,000; $6000
E) $8000; $12,000

Sam Has $20,000 to Invest