🎓 CLEP Exam Prep

A total of $5000 is invested in two accounts. One account pays 6% annual interest and the other pays 8% annual interest. If the total annual interest from both accounts is $360, how much is invested at 6%?

A $1000
B $2000
C $3000
D $4000

✓ Correct Answer: Option B

Let x be the amount at 6% and y at 8%. x + y = 5000 and 0.06x + 0.08y = 360. Solving this system gives x = $2000.

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