SOLUTION: An actor invested some money at 6​% simple​ interest, and ​$44,000 more than four times the amount at 12 %. The total annual interest earned from the investment w
Algebra.Com
Question 1129468: An actor invested some money at 6% simple interest, and $44,000 more than four times the amount at 12 %. The total annual interest earned from the investment was $50,640. How much did he invest at each amount?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
x at 6%
4x+44000 at 12%
.06x+(0.12)(4x+44000)=50640
.06x+.48x+5280=50640
.54x=45360
x=$84000 at 6%, and $5040 interest
4x+44000=$380000 at 12% and $45,600 interest
RELATED QUESTIONS
An actor invested some money at 7% simple interest, and $26 comma... (answered by ikleyn)
An actor invested some money at 8% simple interest, and $47,000 more (answered by addingup)
An actor invested some money at 9% simple interest, and $34000... (answered by ikleyn)
An actor invests some money at 6%, and $35000 more than three times three... (answered by Boreal)
An actor invests some money at 7%, and $39000 more than twice the amount at (answered by addingup)
An actor invests some money at 5%, and $22000 more than twice the amount at (answered by jorel1380)
An actor invested some money at 9% simple interest,and $42,000 more than four times the... (answered by ikleyn)
Santiago receives $309 per year in simple interest from three investments. Part is (answered by stanbon)
A person invested $8200 for 1 year, part at 8%, part at 9%,... (answered by ikleyn)