Part of $3,800 is invested at 12%, another part at 13%, and the remainder at 14%. The total yearly income from the three investments is $506. The sum of the amounts invested at 12% and 13% equals the amount invested at 14%. Determine how much is invested at each rate.

Question

A. $1,100 at 12%, $800 at 13%, $1,900 at 14%
B. $700 at 12%, $1,200 at 13%, $1,900 at 14%
C. $700 at 12%, $1,900 at 13%, $1,200 at 14%
D. $600 at 12%, $1,300 at 13%, $1,900 at 14%
E. $800 at 12%, $1,300 at 13%, $1,700 at 14%

Answer 1

Answer: B