Set up an equation that can be used to solve the problem. Solve the equation and answer the question asked.
-You inherit $10,000 with the stipulation that for the first year the money must be invested in two stocks paying 6% and 11% annual interest, respectively. How much should be invested at each rate if the total interest earned
For the year is to be $700?
A) $2000 invested at 6%; $8000 invested at 11%
B) $8000 invested at 6%; $2000 invested at 11%
C) $7000 invested at 6%; $3000 invested at 11%
D) $9000 invested at 6%; $1000 invested at 11%

Question

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The Answer of Set up an equation that can be used to solve the problem. Solve the equation and answer the question asked.
-You inherit $10,000 with the stipulation that for the first year the money must be invested in two stocks paying 6% and 11% annual interest, respectively. How much should be invested at each rate if the total interest earned
For the year is to be $700?
A) $2000 invested at 6%; $8000 invested at 11%
B) $8000 invested at 6%; $2000 invested at 11%
C) $7000 invested at 6%; $3000 invested at 11%
D) $9000 invested at 6%; $1000 invested at 11%

Set Up an Equation That Can Be Used to Solve