a portion of 6600 dollar is invested at a 5%annual return while the remainder is invested at 3%annual return. if the annual income from the portion earning a 5% return is twice that of the other portion,what is the total income from the two investments after one year.
Answers
Answered by
6
$ 270 is the total income from the two investments after one year.
Step-by-step explanation:
Let the first proportion be x,
so the other will be 6600 - x
Given that,
5% of first proportion = 5x/100
3% of second proportion = 3(6600-x) /100
A.T.Q.
Annual income from first proportion = Twice of other proportion
5x/100 = 2(3(6600-x)) /100
5x/100 = 2(19,800 - 3x)/100
5x = 39,600 - 6x
5x + 6x = 39600
11x = 39,600
x = 3600
∵ Total income from both the investments = 5(3600)/100 + 3(6600-3600)/100
= $ 270
Thus, option A is the correct answer.
Learn more: Calculate the Compound Interest
brainly.in/question/6762842
Similar questions