SOLUTION: Gary invested one-third of his insurance settlement in a CD that yielded 12%. He also invested one-third in Tara’s computer business. Tara paid Gary 15% on this investment. If Gary
Algebra ->
Customizable Word Problem Solvers
-> Numbers
-> SOLUTION: Gary invested one-third of his insurance settlement in a CD that yielded 12%. He also invested one-third in Tara’s computer business. Tara paid Gary 15% on this investment. If Gary
Log On
Question 1122677: Gary invested one-third of his insurance settlement in a CD that yielded 12%. He also invested one-third in Tara’s computer business. Tara paid Gary 15% on this investment. If Gary’s total income from these investments was $17,820 for 1 year, then what was the amount of his insurance settlement? Answer by solver91311(24713) (Show Source):
is the ROI for the CD, and is the ROI for the computer business. The sum is $17,820. Solve for to get the value of one-third of the settlement, then multiply by 3.
John
My calculator said it, I believe it, that settles it
