Ask Question
18 September, 20:05

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?

+4
Answers (1)
  1. 18 September, 20:33
    0
    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%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers