Set up an equation that can be used to solve the problem. Solve the equation and answer the question asked. You inherit $56,000 from a very wealthy grandparent, with the stipulation that for the first year, the money must be invested in two stocks paying 4% and 10% annual interest, respectively. How much should be invested at each rate if the total interest earned for the year is to be $3200?

A. $40,000 invested at 4%; $16,000 invested at 10%
B. $26,000 invested at 4%; $30,000 invested at 10%
C. $16,000 invested at 4%; $40,000 invested at 10%
D. $30,000 invested at 4%; $26,000 invested at 10%


Answer: A

Mathematics

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A.
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C.
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A.

B.

C.

D.

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