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Solve the Problem $10,000\$ 10,000 In an Account That Pays 12%12 \%

Question 63

Multiple Choice

Solve the problem.
-Helen Weller invested $10,000\$ 10,000 in an account that pays 12%12 \% simple interest. How much additional money must be invested in an account that pays 15\% simple interest so that the total interest is equal to the interest on the two investments at the rate of 13%13 \% ?


A) $6000\$ 6000
B) $7000\$ 7000
C) $10,000\$ 10,000
D) $5000\$ 5000

Correct Answer:

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