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Part of $2,800 is invested at 12%, another part at 13%, and the remainder at 14%. The total yearly income from the three investments is $375. The sum of the amounts invested at 12% and 13% equals the amount invested at 14%. Determine how much is invested at each rate. O $1,000 at 12%, $400 at 13%, $1,400 at 14% O $200 at 12%, $1,200 at 13%, $1,400 at 14% O $300 at 12%, $1,400 at 13%, $1,100 at 14% O $300 at 12%, $1,100 at 13%, $1,400 at 14% O $400 at 12%, $1,200 at 13%, $1,200 at 14%

Part of $2,800 is invested at 12%, another part at 13%, and the remainder at 14%. The total yearly income from the three investments is $375. The sum of the amounts invested at 12% and 13% equals the amount invested at 14%. Determine how much is invested at each rate. O $1,000 at 12%, $400 at 13%, $1,400 at 14% O $200 at 12%, $1,200 at 13%, $1,400 at 14% O $300 at 12%, $1,400 at 13%, $1,100 at 14% O $300 at 12%, $1,100 at 13%, $1,400 at 14% O $400 at 12%, $1,200 at 13%, $1,200 at 14%

Essentials Of Investments
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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Part of $2,800 is invested at 12%, another part at 13%, and the remainder at 14%. The total yearly income from the three investments is $375. The sum of the amounts invested at 12% and 13% equals the amount invested at 14%. Determine how much is invested at each rate. O $1,000 at 12%, $400 at 13%, $1,400 at 14% O $200 at 12%, $1,200 at 13%, $1,400 at 14% O $300 at 12%, $1,400 at 13%, $1,100 at 14% O $300 at 12%, $1,100 at 13%, $1,400 at 14% $400 at 12%, $1,200 at 13%, $1,200 at 14%
Transcribed Image Text:Part of $2,800 is invested at 12%, another part at 13%, and the remainder at 14%. The total yearly income from the three investments is $375. The sum of the amounts invested at 12% and 13% equals the amount invested at 14%. Determine how much is invested at each rate. O $1,000 at 12%, $400 at 13%, $1,400 at 14% O $200 at 12%, $1,200 at 13%, $1,400 at 14% O $300 at 12%, $1,400 at 13%, $1,100 at 14% O $300 at 12%, $1,100 at 13%, $1,400 at 14% $400 at 12%, $1,200 at 13%, $1,200 at 14%
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