SOLUTION: a man invest $20,000.00 at an annual intrest rate of 7% and $ 12,000.00 at an annual intrest rate of 7.5% what was his annual income on the two investments ?

SOLUTION: a man invest $20,000.00 at an annual intrest rate of 7% and $ 12,000.00 at an annual intrest rate of 7.5% what was his annual income on the two investments ?

Algebra.Com

Question 365017: a man invest $20,000.00 at an annual intrest rate of 7% and $ 12,000.00 at an annual intrest rate of 7.5% what was his annual income on the two investments ?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
(20000*0.07)+(12000*0.075)=
RELATED QUESTIONS
A man invested $6,000, part of it at 5% simple intrest and the rest at 7% simple intrest. (answered by math problem solving)

A man has an investment of 13,760.00 in cash for equipment. His estimates of the year... (answered by Theo)

a man invested $20,000 at annual interest rate of 7% and $12,000.00 at an annual interest (answered by stanbon)

A MAN INVESTED $20.000 at an annual interest rate of 7% and $ 12,000.00 at an annual... (answered by calegebra)

A man invests $20,000 at an annual interest rate of 7%, and $12,000.00 at an annual... (answered by checkley77)

suppose that you invest $6000 for your money at an annual intrest rate of of 4% and... (answered by checkley77)

Frank invest a certain amount of money at 5% intrest and $1360 more than that amount at... (answered by addingup)

Sue invested 10,000, part at 3.8% annual intrest and the balance at 7% annual intrest.... (answered by josmiceli)

a TOTAL INVESTMENT OF $13.500 IS DISTRIBUTED IN TWO ACCOUNTS, ONE THAT YIELDS INTREST AT... (answered by vleith)