Things did not go quite as planned. You invested $21,360, part of it in a stock that paid 12% annual interest. However, the rest of the money suffered a 5% loss. If the

total annual income from both investments was $1822, how much was invested at each rate?

Question

Mathematics

Mylee

11 October, 03:04

Things did not go quite as planned. You invested $21,360, part of it in a stock that paid 12% annual interest. However, the rest of the money suffered a 5% loss. If the

total annual income from both investments was $1822, how much was invested at each rate?

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Answers (1)

Know the Answer?

Eifel · Answer 1

Answer: let the amount invested be P and Q

P+Q=21360

0.12P-0.05Q=1822

0.12 (21360-Q) - 0.05Q=1822

2563.2-0.12Q-0.05Q=1822

0.17Q=741.2

Q=4360

P=17000

Things did not go quite as planned. You invested $21,360, part of it in a stock that paid 12% annual interest. However, the rest of the money suffered a 5% loss. If thetotal annual income from both investments was $1822, how much was invested at each rate?

Things did not go quite as planned. You invested $21,360, part of it in a stock that paid 12% annual interest. However, the rest of the money suffered a 5% loss. If the

total annual income from both investments was $1822, how much was invested at each rate?