Question

Things did no go quite as planned. You invested $19,660 part of it in a stock that paid 12 percent annual interest. However the rest of the​ money suffered a 5 percent loss. If the total annual income both investments was $2060, how much was invested at wach rate ?

Answer 1

0.05x+0.12 (19660-x)=2060
Solve for x
X=4274.29 at 5%

19,660−4,274.29
=15,385.71 at 12%