Amy has $5000 to invest. She plans to invest part of the money at 10% and part at 13%. She wants her total interest to be $590.
1 answer:
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Answer:
A) The fraction of sum of money did each child receive is
B) The sum of money did Jeff have $ 3200
Step-by-step explanation:
Given as :
Let The sum of money did Jeff have = $ x
The fraction of money did Jeff's wife get = of $ x
The remaining money Jeff will have = $ x - of $ x
I.e The remaining money Jeff will have =
=
A ) The remaining amount of money is divided equally among 4 children
So, The fraction of sum of money did each child receive =
I.e The fraction of sum of money did each child receive =
B ) If each child will receive $ 600
∴, = $ 600
Or, 3 x = $ 600 × 16
Or, 3 x = $ 9600
∴ x =
I.e x = $ 3200
So, The sum of money did Jeff have $ 3200
Hence ,
A) The fraction of sum of money did each child receive is
B) The sum of money did Jeff have $ 3200 Answer