8. Mr. Azu invested an amount at rate of 12% per annum and invested another amount. GHe
1 answer:
Answer:
GH¢.37480.36
Step-by-step explanation:
Let the amount invested at 12% per annum =GH¢.x
He invested 580.00 more than the first at 14%.
Therefore:
The amount invested at 14% =GH¢.(x+580)
For each investment option:
Amount Accrued =Principal + Simple Interest
Amount Accrued at 12%
Amount Accrued at 14%
Mr. Azu had total accumulated amount of GH42,358.60
Therefore:
1.12x+1.14x+661.2=42,358.60
2.26x=42,358.60-661.2
2.26x=41697.4
x=GH¢.18450.18
Therefore:
The amount invested at 12% per annum= GH¢.18450.18
The amount invested at 14% per annum= GH¢.18450.18+580
=GH¢.19030.18
Mr Azu's Total Investment = 18450.18 +19030.18
=GH¢.37480.36
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Step-by-step explanation:
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...equation(1) and
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