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

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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) About Me  (Show Source):
You can put this solution on YOUR website!


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