Ask Question
21 February, 19:11

A company invested 25000 at an annual simple interest rate of 4.1% how much additional money must be invested at an annual simple interest rate of 5.6% so that the total annual interest earned will be 4.8% of the total investment

+2
Answers (1)
  1. 21 February, 21:35
    0
    We take interest+interest+interest to equal interest

    0.041=4.1% (25000) the amount invested+0.056=interest they want=0.048 the total amount wanting to earn 4.8% and x is the added money to invest.

    0.041 (25000) + 0.056x=0.048 (25000+x)

    1025+0.056x=1200+0.048x

    subtract the 0.048 from both sides

    1025+0.008x=1200+x

    Subtract the 1025 from both sides

    1025-1025+0.008=1200-1025+x

    0.008x=175+x

    Now divide 175 by 0.008

    x=21,875
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company invested 25000 at an annual simple interest rate of 4.1% how much additional money must be invested at an annual simple interest ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers