SOLUTION: Jane has $10 000 to invest. She invested part of it in a term deposit that pays 4% per year and the rest of her money was invested in bonds paying 5% per year. If Jane earned $440
Algebra.Com
Question 132798: Jane has $10 000 to invest. She invested part of it in a term deposit that pays 4% per year and the rest of her money was invested in bonds paying 5% per year. If Jane earned $440 in interest for one year, how much money did she invest at each rate?
Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
.05X+.04(10,000-X)=440
.05X+400-.04X=440
.01X=440-400
.01X=40
X=40/.01
X=4,000 AMOUNT INVESTED @ 5%.
10,000-4,000=6,000 AMOUNT INVESTED @ 4%.
PROOF:
.05*4,000+.04*6000=440
200+240=440
440=440
RELATED QUESTIONS
a women has a total of $12,00 to invest. she invested part of the money in an account... (answered by ikleyn)
A woman has a total of $7,000 to invest. She invests part of the money in an account that (answered by greenestamps)
A woman has a total of $8,000 to invest. She invests part of the money in an account that (answered by greenestamps)
A woman has a total of $7,000 to invest. She invests part of the money in an account that (answered by josgarithmetic)
A woman has a total of $12,000 to invest. She invests part of the money in an account... (answered by ankor@dixie-net.com,greenestamps)
A woman has a total of $10,000 to invest. She invests part of the money in an account... (answered by richwmiller)
A woman has a total of $10,000 to invest. She invests part of the money in an account... (answered by addingup)
Dina had $10,000 to invest. She invested part of it in a savings account that pays 4%... (answered by solver91311)
Tran has $10000 to invest. She invested part of it in a term deposit paying 4% per annum... (answered by stanbon)