0
A total of twenty two thousand was invested a profit of seven percent was made on the first and two percent on the second investment total profit was nine hundred twenty what was the amount of each?
Wiki User
∙ 13y ago
x + y = 22000 {equation 1} [where x & y are the 2 investments] 1.07x + 1.02y = 22920 {equation 2} [after the profit was made] Multiply equation 1 by 1.07 1.07x + 1.07y = 23540 {equation 3} {equation 3} - {equation 2} 1.07x - 1.07x + 1.07y - 1.02y = 23540 - 22920 0.05y = 620 y = 12400 Sub this into {equation 1} x + 12400 = 22000 x = 9600 The original investments were $9600 and $12400 respectively.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
One thousand dollars is invested at 12 percent interest compounded monthly determine how much the investment is worth after 1 year?
1000 x (1.01)12 = $1126.83
What is three percent of seven hundred thousand?
Three percent of seven hundred thousand is twenty-one thousand.
What is 4 percent of nine hundred and sixty thousand?
4 percent of nine hundred and sixty thousand is thirty-eight thousand four hundred (.04 x 960,000 = 38,400).
What is fifteen percent of hundred and forty thousand?
21 thousand
What is 5 percent of ten thousand?
5 percent of ten thousand is five hundred.
Jenny has thrice as much money invested in 15 percent percent as she invested at 12 percent percent if she gets 51300.00 from both investment how much did she invest at each rate?
jenny has thrice as much money invested in 15% as she invested at 12%. if she gets 51,300.00 from both investment how much did she invest at each rate?
One thousand dollars is invested at 12 percent interest compounded monthly determine how much the investment is worth after 1 year?
1000 x (1.01)12 = $1126.83
What is two percent out of one hundred thousand dollars?
Two percent out of one hundred thousand dollars is two thousand dollars.
What is 3 percent of two thousand 9 hundred?
3 percent of two thousand 9 hundred is 87.
What is three percent of seven hundred thousand?
Three percent of seven hundred thousand is twenty-one thousand.
What is 10 percent of a thousand?
10% of a thousand is a hundred.
What is fifty percent of two hundred thousand dollars?
One hundred thousand dollars.
What is 4 percent of nine hundred and sixty thousand?
4 percent of nine hundred and sixty thousand is thirty-eight thousand four hundred (.04 x 960,000 = 38,400).
What is ten percent of two hundred thousand?
20 thousand
What is fifteen percent of hundred and forty thousand?
21 thousand
What is three percent of two hundred thousand?
You have three for every hundred and you have two thousand hundreds...
What is 5 percent of ten thousand?
5 percent of ten thousand is five hundred.
