Question

Class 7


Q-2 A woman invests a total of $20,000 in two accounts, one paying 5% and another paying 8% simple interest per year. Her annual interest is $1,180. How much did she invest in each rate?​

Answer 1

Answer:

She invested 14000$ in 5% intrest and

6000$ in 8% intrest.

Step by step

Let

one part be 20000-x

Another part be x

Then

1. (20000-x) ×5/100 + 8x/100 = 1180
2. 3x = 18000
3. X=6000
4. (20000-x)=14000

Answer 2

Here is your solution...

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