Solve the problem.
-Helen Weller invested $12,000 in an account that pays 1.25% simple interest. How much additional money must be invested in an account that pays 3.5% simple interest so that the average return on the two investments
Amounts to 2%?
A) $9000
B) $6000
C) $8000
D) $12,000

Question

Quizplus · Accepted Answer

The Answer of Solve the problem.
-Helen Weller invested $12,000 in an account that pays 1.25% simple interest. How much additional money must be invested in an account that pays 3.5% simple interest so that the average return on the two investments
Amounts to 2%?
A) $9000
B) $6000
C) $8000
D) $12,000

Solve the Problem. -Helen Weller Invested $12,000 in an Account That Pays 1.25