SOLUTION: Mrs.Garcia invested half of her money at 6 percent per year and the other held at 8 percent per year. Her annual income from two investments 5600. how much did she invest at each r

Question 914912: Mrs.Garcia invested half of her money at 6 percent per year and the other held at 8 percent per year. Her annual income from two investments 5600. how much did she invest at each rate

Answer by dkppathak(439) (Show Source): You can put this solution on YOUR website!
Mrs.Garcia invested half of her money at 6 percent per year and the other held at 8 percent per year. Her annual income from two investments 5600. how much did she invest at each rate
let total investment is Rs x
than she invest X/2 at 6% =0.06x/2=0.03x
remaining she invested X/2 at 8% =0.08x/2=0.04x
as per given conditions
0.03x+0.04x =5600
0.07x=5600
x=5600/0.07=80000
so total investment is Rs 80000
she invested Rs 40000 at 6%
and other 40000 at 8%
Answer
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