Ask Question
15 August, 07:05

Heather has divided $6700 between two investments, one paying 8%, the other paying 5%. If the return on her investment is $428, how much does she have in each investment?

+1
Answers (1)
  1. 15 August, 09:30
    0
    First investment = $3100

    Other investment = $3600

    Step-by-step explanation:

    Total investment made by Henry = $6700

    Let one investment be x,

    Then other investment = total investment - first investment = 6700 - x

    A) For 8% interest, investment = x

    dollar value of 8% investment = 8/100*x = 8x/100

    A) For 5% interest, investment = 6700 - x

    dollar value of 8% investment = 5/100 * (6700 - x) = 5 (6700 - x) / 100

    Total return on both the investment = 8x/100 + 5 (6700 - x) / 100

    = (8x + 33500 - 5x) / 100 = (3x+33500) / 100

    Given that total return = 428

    Therefore,

    (3x+33500) / 100 = 428

    => 3x+33500 = 428*100 = 42800

    => 3x = 42800 - 33500 = 9300

    => x = 9300/3 = 3100

    Thus, first investment = x = $3100

    other investment = $ (6700 - 3100) = $3600
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Heather has divided $6700 between two investments, one paying 8%, the other paying 5%. If the return on her investment is $428, how much ...” 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