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Ms. Morris invested in Fund \(A\) and Fund \(B.\) The total amount she invested, in both funds combined, was

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by Vincen » Thu Nov 26, 2020 11:49 am

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Ms. Morris invested in Fund \(A\) and Fund \(B.\) The total amount she invested, in both funds combined, was \(\$100,000.\) In one year, Fund \(A\) paid \(23\%\) and Fund \(B\) paid \(17\%.\) The interest earned in Fund \(B\) was exactly \(\$200\) greater than the interest earned in Fund \(A.\) How much did Ms. Morris invest in Fund \(A?\)

(A) \(\$32,000\)
(B) \(\$36,000\)
(C) \(\$40,000\)
(D) \(\$42,000\)
(E) \(\$45,000\)

Answer: D

Source: Magoosh
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