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

This topic has expert replies
Legendary Member
Posts: 2898
Joined: Thu Sep 07, 2017 2:49 pm
Thanked: 6 times
Followed by:5 members

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

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
Source: — Problem Solving |