Homework Help: math

Posted by mohamed on Tuesday, January 29, 2013 at 10:02am.

Investing inhertance.Norman invested one-half of his inheritance in a CD that had a 10% annoul yield. He lent one-quarter of of his inheritance to his brother -in-law at 12% simple interest. His income from these two investments was $6400 for 1 year. How much was the inheritance?

math - Steve, Tuesday, January 29, 2013 at 10:24am
.10(x/2) + .12(x/4) = 6400
x = 80,000

Answer this Question

Related Questions

algebra - Glenn invested some money is a certificate of deposit (CD) with an ...
music - can you give me words that correspond to the count of a half-note and ...
algebra - Randy invested his inheritance in an account that paid 6.1% interest, ...
Mathematics - Carletta has $10,000 to invest. As her financial consultant you ...
Mathematics - Carletta has $10,000 to invest. As her financial consultant you ...
math - a mother wants to $9000 for her son's future education. She invested...
algebra - A man invested half of his money at 5%, one-third of his money at 4%, ...
business Maths - The main concept to investing is diversify your investments. ...
algebra - A man invested half of his money at 5%, one-third of his money at 4%, ...
Music - All of the measures in a song contain four beats. One of the measures ...

For Further Reading

First Name:
School Subject:
Answer: