Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Is it A,B,C, or D
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Transcribed Image Text:Lena invested $8,500 into three new accounts. At the end of the year, she earned a total of $412 in interest. The annual yields on the accounts are 4%, 5%, and 6%. If the amount she invested in the 4% account was $200 less than twice the amount in the 6% account, how much did she invest in the 5% account?
A. $4,200
B. $2,800
C. $1,500
D. $3,600
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