50.5k views
0 votes
Things did no go quite as planned. You invested $19,660 part of it in a stock that paid 12 percent annual interest. However the rest of the​ money suffered a 5 percent loss. If the total annual income both investments was $2060, how much was invested at wach rate ?

1 Answer

4 votes
0.05x+0.12 (19660-x)=2060
Solve for x
X=4274.29 at 5%

19,660−4,274.29
=15,385.71 at 12%
User Ishan Sharma
by
8.4k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories