At the beginning of \(2011,\) Albert invests \(\$15,000\) at \(10\%\) simple annual interest, \(\$6,000\) at \(7\%\) simple annual interest, and \(\$x\) at \(8\%\) simple annual interest. If by the end of \(2011,\) Albert receives interest totaling \(9\%\) of the sum of his three investments, then the ratio of \(\$x\) to the sum of his two other investments is
(A) \(1 : 3\)
(B) \(1 : 4\)
(C) \(1 : 6\)
(D) \(1 : 7\)
(E) \(1 : 8\)
Answer: D
Source: Manhattan GMAT
At the beginning of \(2011,\) Albert invests \(\$15,000\) at \(10\%\) simple annual interest, \(\$6,000\) at \(7\%\)
This topic has expert replies
-
- Legendary Member
- Posts: 1622
- Joined: Thu Mar 01, 2018 7:22 am
- Followed by:2 members
Timer
00:00
Your Answer
A
B
C
D
E
Global Stats