SOLUTION: Lucy has some money invested at 18% annual interest and three times as much invested at 12%. Her total annual income from the two investments is 2200pesos. How much was invested at
Algebra.Com
Question 150607This question is from textbook
: Lucy has some money invested at 18% annual interest and three times as much invested at 12%. Her total annual income from the two investments is 2200pesos. How much was invested at each rate?
This question is from textbook
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let the amount invested at 18% =
Then the amount invested at 12% =
4074 pesos were invested @ 18% and 12,222 pesos were
invested @ 12%
RELATED QUESTIONS
Lucy has some money invested at 18% annual interest and three as much invested at 12%.... (answered by checkley77)
Lucy has invested some money invested at 18% and three times as much invested at 12%. her (answered by checkley77)
Mr.Caminiti has some money invested at 4% and three times as much invested at 6%.Her... (answered by josmiceli)
Mr.Caminiti has some money invested at 4% and three times as much invested at 6%.Her... (answered by solver91311)
A church building fund has invested money in two ways:part of the money at 3% interest... (answered by sachi)
A church building fund has invested some money in two ways: parts of the money at 4%... (answered by jorel1380)
Melissa invested a sum of money at 3% annual simple interest. She invested three times... (answered by checkley75)
Melissa invested a sum of money at 3% annual interest. She invested three times that sum... (answered by checkley77)
Melissa invested a sum of money at 3% annual interest. She invested three times that sum... (answered by John10)