Part of $2,200 is invested at 12%, another part at 13%, and the remainder at 14%. The total yearly income from the three investments is $295. The sum of the amounts invested at 12% and 13% equals the amount invested at 14%. Determine how much is invested at each rate.
A) $800 at 12%, $300 at 13%, $1,100 at 14%
B) $200 at 12%, $900 at 13%, $1,100 at 14%
C) $200 at 12%, $1,100 at 13%, $900 at 14%
D) $100 at 12%, $1,000 at 13%, $1,100 at 14%
E) $300 at 12%, $1,000 at 13%, $900 at 14%
Correct Answer:
Verified
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