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# MS. Becker has exactly two amounts of money invested, one

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Manager
Joined: 16 May 2004
Posts: 118
Location: Thailand
MS. Becker has exactly two amounts of money invested, one [#permalink]

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22 May 2004, 07:36
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MS. Becker has exactly two amounts of money invested, one amount at 6 percent simple annual interest and the other amount at 8 percent simple annual interest, How much does she have a 6 percent?

(1) The amount invested at 6 percent is twice the amount invested at 8 percent and the annual income from the two amounts invested at these rates is \$550
(2) The investment wre made for one year.
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Manager
Joined: 10 Mar 2004
Posts: 64
Location: Dallas,TX

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22 May 2004, 07:42
combined we can solve. so (c)

simply add both the SI for 1 year

cheers
Senior Manager
Joined: 02 Mar 2004
Posts: 327
Location: There

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22 May 2004, 15:13
1 says annual income. I think, A is the answer
SVP
Joined: 30 Oct 2003
Posts: 1790
Location: NewJersey USA

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23 May 2004, 09:59
I believe it is C.

If the investment is assumed to be for 1 year then A is correct but I guess we cannot assume that

Equation is this

x(1.06) + 2x(1.08) = 550 compute x from this and the money made by 6% investment is 0.06*x
Manager
Joined: 16 May 2004
Posts: 118
Location: Thailand

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23 May 2004, 19:04
The answer shown in my book is "A".
In my idea, annual income means just only interest , not principal. Since it's just simple interest rate, the interest should be the same for every year.
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23 May 2004, 19:04
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