Ask Question
4 December, 09:15

Billy invested $18 dollars of savings in two major business enterprises which paid interest at the rate of 3% and 6%, respectively. If his annual income for these two enterprises was equivalent to a return of 5% on the entire investment, find how much he invested at 3%.

+2
Answers (1)
  1. 4 December, 11:59
    0
    0.03x+0.06 (18-x) = 18*0.05

    Solve for x

    X=6 invested at 3% ... answer

    18-6=12 invested at 6%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Billy invested $18 dollars of savings in two major business enterprises which paid interest at the rate of 3% and 6%, respectively. If his ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers