Solve the problem.You inherit $10,000 with the stipulation that for the first year the money must be invested in two stocks paying 6% and 11% annual interest, respectively. How much should be invested at each rate if the total interest earned for the year is to be $700?

A. $7000 invested at 6%; $3000 invested at 11%
B. $8000 invested at 6%; $2000 invested at 11%
C. $9000 invested at 6%; $1000 invested at 11%
D. $2000 invested at 6%; $8000 invested at 11%


Answer: B

Mathematics

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