Answer:
Julie's share = $3200+2940 = $6140
Jennifer's share = $1920 +$3200 = $5120
Step-by-step explanation:
Julie invested $40,000 at an 8% interest rate = 8/100 * 40,000 = $3200
Jennifer invested $24,000 at an 8% interest rate = 8/100 * 24,000 = $1920
Now to find the remainder profit add the interest rate of julie and jennifer and subtract the answer from net income.
Julie interest = $3200
Jennifer interest = $1920
Total interest = 3200+1920 = $4120
Now subtract it from net income.
10,000 - 4120 = $5880
Total Remainder profit = $5880
Now to divide the remainder $5880 equally between julie and jennifer, simply divide 5880 by 2
= 5880/2 = $2940
Thus julie and jennifer would have $2940 remainder each.
Julie's share = $3200+2940 = $6140
Jennifer's share = $1920 +$3200 = $5120 ....
