Problem

If Rena invests +$7500 at 7% per year, how much additional money must she invest at 12% to...

If Rena invests +$7500 at 7% per year, how much additional money must she invest at 12% to ensure that the interest she receives each year is 10% of the total investment?

a. $11,250

b. $12,375

c. $18,000

d. $21,000

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