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 $800?
A. $7000 invested at 6%; $3000 invested at 11%
B. $6000 invested at 6%; $4000 invested at 11%
C. $5000 invested at 6%; $5000 invested at 11%
D. $4000 invested at 6%; $6000 invested at 11%
Answer: B
Mathematics
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