Question

Jose receives $1270 per year from three

Answer 1

The answer is. $1500.

Let x represent the amount invested at 5%, then  is the amount invested at 8%, and  is the amount invested at 6%. Since the total return is $1270:

let money invested at 5%= x

money invested at 6%

= 20000- (X+X-1500)

21500-2x

Total interest for 1 year.

x×5/100+ (x-1500)×8/100+(21500-2x)×6/100 = 1270

5x/100+8(x-1500)/100+(21500-2x)6/100=1270

5x+8x-12000+129000-12x = 127000

x+117000 = 127000

x = 10000

money invested at 8%

=21500-2×10000

= 1500.

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