Posted by **Alicia** on Monday, April 21, 2014 at 10:38am.

Ramona divided his 35,000 inheritance between two investments, one paying 9% and the other 12% simple interest. is total annual income on the interest alone was 3,000. How much did he invest at 9%?

- Algebra - eh? -
**Steve**, Monday, April 21, 2014 at 11:28am
if x at 9%, then 35000-x at 12%, so

.09x + .12(35000-x) = 3000

x = 40000

what? Hmmm. Even if the whole 35,000 were invested at only 9%, that would still be $3150 interest. I suspect a typo somewhere.

## Answer This Question

## Related Questions

- math - An inheritance of $50,000 is divided into two investments earning 8.5% ...
- Math - An investor must invest a total of $15,000 in two accounts, one paying 4...
- algebra - suppose you invest $15,000 in two funds paying 11 1/2% and 14% simple ...
- algebra - has inherited $15,000 that she wants to invest in two separate ...
- college algebra - suppose you invest $15,000 in two funds paying 11 1/2%and 14% ...
- College Algebra - You plan to invest $12,000 in two funds paying 41/2% and 5% ...
- algebra - An investor wants to receive $1,000 dollars annually from two ...
- math - Two investments earn a total annual income of $2825. One investment is in...
- Algebra - An inheritance of $19,000 was divided among three investments yielding...
- Math - Help! Toshiro Hashimoto invested some money at 4.5% simple interest and $...

More Related Questions