SOLUTION: Daniel had $100000 to invest. he invested part in a term deposit paying %4 per annum and it's remaining back to paying %5 per annum. if the total after one year was $440, how much

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Question 1201228: Daniel had $100000 to invest. he invested part in a term deposit paying %4 per annum and it's remaining back to paying %5 per annum. if the total after one year was $440, how much did he invest at each rate?
Found 2 solutions by greenestamps, josgarithmetic:
Answer by greenestamps(13209) About Me  (Show Source):
You can put this solution on YOUR website!


$440 return on an investment of $100,000 is less than 1%....

Re-post, with the right numbers

Answer by josgarithmetic(39630) About Me  (Show Source):
You can put this solution on YOUR website!
Something's wrong with how the description is written.

Does Daniel have 100000 dollars and splits this to invest one part at 4% and the other part at 5%, annual interest rates? If THAT, then you can:

x at 5%
100000-x at 4%

0.05%2B0.04%28100000-x%29=440
Simplify and solve for x,...