SOLUTION: Ahmed's total investment in bonds is Rs. 50,000. he has made two investments, the first one four years ago at 8% and the second 2 years ago at 10%. if total income from these inves
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Question 444959: Ahmed's total investment in bonds is Rs. 50,000. he has made two investments, the first one four years ago at 8% and the second 2 years ago at 10%. if total income from these investments this year is 4600, what was the amount of each investment
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
x+y=50000
.08x+.10y=4600
8x+10y=460000
8x+8y=400000
2y=60000
y=30000
x=20000
Ahmed invested 20000 @8%, and 30000 @10%..
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