Alyssa received $30,000 from inheritance and invests part in a certificate of deposit (cd) paying 5% annual interest and the rest in Apple Inc. offering an annual return of 11%. If the annual income from her investments is $2,220, how much did Alyssa invest in each?

Question

Mathematics

Paola Ayers

31 October, 03:55

Alyssa received $30,000 from inheritance and invests part in a certificate of deposit (cd) paying 5% annual interest and the rest in Apple Inc. offering an annual return of 11%. If the annual income from her investments is $2,220, how much did Alyssa invest in each?

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Abigail Norman · Answer 1

This can be the equation, if you put it in x and you put it in y. So x plus y is equal to 30,000, 5/100x plus 11 over 100y is equal to 2200. The answer is y is equal to 70, 000 over 6. X = 11000/6