Dr. Kramer plans to invest $20.000 in an account paying 6% interest annually. Hows much more must she invest at the same time at 3% so that her total annual income during the first year is 4%of her entire investment?

A $32,000
B $36,000
C $40,000
D $49,000

Correct Answer: $40,000

Bissoy MCQ

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An investor has a total capital of TA. 13,00,000 He invested a part of it in 3 percent annual interest and the reminder at 4 percent annual interest rate. If his annual interest amount was Tk. 44.00 how much did he invest in each?

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