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MatroZZZ [7]
3 years ago
14

A home loan of £240 000 was paid off at £1 675

Mathematics
1 answer:
Ratling [72]3 years ago
3 0

Answer:

uyyyyy

Step-by-step explanation:

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Lydia has half of her investments in stock paying an 11% dividend and the other half in a stock paying 14% interest. If her tota
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Based on the calculations, the amount of money she invested is equal to $3,520.

<h3>How to determine the amount invested?</h3>

First of all, we would assign variables to the amount of money that he invested at different interest rates as follows:

  • Let x be the amount of money she invested at 11%.
  • Let y be the amount of money she invested at 14%.

Since Lydia invested the same amount of money in both stocks, we have:

x = y     ....equation 1.

At the two interest rates, the total amount Lydia gets is given by:

0.11x + 0.14y = 440     ....equation 2.

Solving the equations simultaneously, we have:

0.11y + 0.14y = 440

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y = $1,760.

Thus, the total investment is given by:

Total investment = 1760 + 1760

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Read more on interest rates here: brainly.com/question/16793428

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