Question

Ted inherited $5700 last year and invested part of it at a 10% annual return and the other part at a 5% annual return. If Ted earned $428 with the first investment,
what was his total income for the year?
$270
$305
$348
$499​

Answer 1

Answer:

Right answer is $499

Explanation:

Presumably, the "first investment" refers to the one with the 10% annual return.

If Ted earned $428, then he must have invested $4280, since 10% of $4280 = $428

$5700 - $4280 = $1420

So, the remaining $1420 was invested in the other option (with a 5% annual return)

5% of $1420 = $71

total income for the year=(428+71)=499