An investment adviser invested $100,000 in two accounts. One investment earned 9% annual simple interest, and the other investment earned 8.5% annual simple interest. The amount of interest earned for 1 year was $8700 How much was invested in each account?
A)$49,000 → 9% ; $51,000 → 8.5%
B)$40,000 → 9% ; $60,000 → 8.5%
C)$73,000 → 9% ; $27,000 → 8.5%
D)$36,000 → 9% ; $64,000 → 8.5%
E)$34,000 → 9% ; $66,000 → 8.5%

Question

An investment adviser invested $100,000 in two accounts. One investment earned 9% annual simple interest, and the other investment earned 8.5% annual simple interest. The amount of interest earned for 1 year was $8700 How much was invested in each account?
A)$49,000  →  9% ;  $51,000  →  8.5%
B)$40,000  →  9% ;  $60,000  →  8.5%
C)$73,000  →  9% ;  $27,000  →  8.5%
D)$36,000  →  9% ;  $64,000  →  8.5%
E)$34,000  →  9% ;  $66,000  →  8.5%

Quizplus · Accepted Answer

The Answer of An investment adviser invested $100,000 in two accounts. One investment earned 9% annual simple interest, and the other investment earned 8.5% annual simple interest. The amount of interest earned for 1 year was $8700 How much was invested in each account?
A)$49,000  →  9% ;  $51,000  →  8.5%
B)$40,000  →  9% ;  $60,000  →  8.5%
C)$73,000  →  9% ;  $27,000  →  8.5%
D)$36,000  →  9% ;  $64,000  →  8.5%
E)$34,000  →  9% ;  $66,000  →  8.5%

An Investment Adviser Invested $100,000 in Two Accounts