math
posted by mohamed .
Investing inhertance.Norman invested onehalf of his inheritance in a CD that had a 10% annoul yield. He lent onequarter of of his inheritance to his brother inlaw at 12% simple interest. His income from these two investments was $6400 for 1 year. How much was the inheritance?
Respond to this Question
Similar Questions

math
An inheritance of $50,000 is divided into two investments earning 8.5% and 10% simple interest. ( The 10% investment has a greater risk.) Your objective is to obtain a total annual interest income of $4700 form the investments. What … 
algebra
Randy invested his inheritance in an account that paid 6.1% interest, compounded continuously. After 5 years, he found that he now had $51, 426.94. What was the original amount of his inheritance? 
Math
Help! Toshiro Hashimoto invested some money at 4.5% simple interest and $1000 more than four times the amount at 6%. His total annual income for one year from interest on the two investments was $801. How much did he invest at each … 
Math
An inheritance of $40,000 is invested in two municipal bonds which pay 6% and 7% simple annual interest. If the annual interest from both bonds is $2,550 how much is invested at each rate? 
math
Samantha lent her brother some money at 9% simple interest and her sister onehalf as much money at 16% interest. If she received a total of 34 cents in interest, then how much did she lend to each one? 
Math
Sam lent her brother some money at 9% simple interest and her sister onehalf as much money at 16% interest. If she received a total of 34 cents in interest, then how much did she lend to each one? 
math
Two investments earn a total annual income of $2825. One investment is in a 6.75% annual simple interest certificate of deposit. The other is in a 7.25% tax free annual simple interest account. The total amount invested is 40,000. … 
Math
Two investments are made totaling $4800. In the first year they yield a total of $412 in simple interest. Part of the money is invested at 8% and the rest at 9%. Find the amount invested at each interest rate. 
Algebra
An inheritance of $19,000 was divided among three investments yielding a total of $1490 in simple interest per year. The interest rates for the three investments were 5%, 7%, and 10%. The 5% and 7% investments were $4000 and $1000 … 
Algebra
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%?