Jackson invested $20000.he invested a part of it at 12% and rest at 10%.his annual income from these investment were $2280.how much did he invest at each rate?
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Let 'x' represent the money invested at 12% and 'y' the money invested at 10%.
x + y = 20000
0.12x + 0.10y = 2280
........
click here to see the system of equations solved for x and y
........
x = $14,000
y = $6,000
Jackson invested $14,000 at 12% and $6,000 at 10%.
x + y = 20000
0.12x + 0.10y = 2280
........
click here to see the system of equations solved for x and y
........
x = $14,000
y = $6,000
Jackson invested $14,000 at 12% and $6,000 at 10%.
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