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Question # 105, Date : 13-Jan-2020
This post is a part of Project IR Butler 2019-20. Click here for Details
Question # 105, Date : 13-Jan-2020
This post is a part of Project IR Butler 2019-20. Click here for Details
Jack divides $30,000 between two investments. He invests 35% of the money in Investment A, which pays 4% simple interest annually for 5 years. He invests the remainder of the money in Investment B, which pays 2% interest compounded semiannually for 4 years.
In the table below, identify the total interest earned, in dollars, for Investment A and the total interest earned, rounded to the nearest dollar, for Investment B that are consistent with the investments described above. Make only one selection in each column.
| Investment A | Investment B | Values |
| 392 | ||
| 870 | ||
| 1560 | ||
| 1616 | ||
| 2100 | ||
| 3347 |
Spoiler: :: OA
| Investment A | Investment B | Values |
| 392 | ||
| 870 | ||
| 1560 | ||
| Tick | 1616 | |
| Tick | 2100 | |
| 3347 |