Solve the problem.
-Helen Weller invested $11,000 in an account that pays 1.5% simple interest. How much additional money must be invested in an account that pays 3% simple interest so that the average return on
The two investments amounts to 2%?
A) $7000
B) $11,000
C) $5500
D) $8000

Question

Quizplus · Accepted Answer

The Answer of Solve the problem.
-Helen Weller invested $11,000 in an account that pays 1.5% simple interest. How much additional money must be invested in an account that pays 3% simple interest so that the average return on
The two investments amounts to 2%?
A) $7000
B) $11,000
C) $5500
D) $8000

Solve the Problem. -Helen Weller Invested $11,000 in an Account That Pays 1.5