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Answer: DSet 9: Linear Equations (Intermediate)
Explanation
An investment of 260, how much was invested at 6%?
How much was invested at 6%?
A.
$3,500
B.
$2,000
C.
$2,500
D.✓ Correct
$3,000
Detailed Explanation
Choice D is correct. Let x = amount at 6%. Then (5000-x) at 4%. Interest: 0.06 x + 0.04(5000-x) = 260. 0.06 x + 200 - 0.04 x = 260. 0.02 x = 60. x = 3000.
Key Steps:
•
The correct answer is $3,000
Why others are wrong:
A: Choice A is incorrect and may result from a calculation error.
B: Choice B is incorrect and may result from a calculation error.
C: Choice C is incorrect and may result from a calculation error.
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