contestada

Things did not go quite as planned. You invested ​$21360​, part of it in a stock that paid​ 12% annual interest.​ However, the rest of the money suffered a​ 5% loss. If the total annual income from both investments was ​$​, how much was invested at each​ rate? How much money was invested at​ 12% annual​ interest?

Respuesta :

makaylamiller1487

Answer:

1992

Step-by-step explanation:

Let x be the amount invested at 12%.

Then the rest amount is (21360-x) dollars.

The 12% stock earning is 0.12x dollars.

The rest amount loss  is 0.05*(21360-x) dollars.

Your equation is

interest - loss            = total interest,    or

0.12x     - 0.05*(21360-x) = 1992    dollars.

Simplify and solve for x.

Otras preguntas