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Use the Five-Step Strategy for Solving Word Problems to Find $10,000\$ 10,000

Question 117

Multiple Choice

Use the five-step strategy for solving word problems to find the number or numbers described in the following
exercise.
-You inherit $10,000\$ 10,000 with the stipulation that for the first year the money must be invested in two stocks paying 6%6 \% and 11%11 \% annual interest, respectively. How much should be invested at each rate if the total interest earned for the year is to be $800\$ 800 ?


A) $6000\$ 6000 invested at 6%;$40006 \% ; \$ 4000 invested at 11%11 \%
B) $4000\$ 4000 invested at 6%;$60006 \% ; \$ 6000 invested at 11%11 \%
C) $5000\$ 5000 invested at 6%;$50006 \% ; \$ 5000 invested at 11%11 \%
D) $7000\$ 7000 invested at 6%;$30006 \% ; \$ 3000 invested at 11%11 \%

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