Two Investments Welcome! You are encouraged to register with the site and login (for free). When you register, you support the site and your question history is saved.A total of $10,000 was invested for one year. Part of this amount earned simple annual interest at the rate of x percent per year, and the rest earned simple annual interest at the rate of y percent per year. If the total interest earned by the $10,000 for that year was $285, what is the value of x?(1) (2) The ratio of the amount interest earned at the rate of x percent per year to the amount of interest earned at the rate of y percent per year was 8 to 11. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient. EACH statement ALONE is sufficient. Statements (1) and (2) TOGETHER are NOT sufficient. Review Answer