Lenny D. answered 04/09/20
Former professor at Tufts University with decades on Wall Street
X*(5%) +(4X+41,000)*9% =35,260 0r
41%*X +9%*41,000 =35260
or 31,579=(41/100)X or X=(100/41)(31579) or
X=77,000 at 5% and 77,000*4 +41,000 or 349,000 at 9%
Dazzmine A.
asked 04/09/20An actor invested some money at 5% simple interest, and $41,000 more than four times the amount at 9%. The total annual interest earned from the investment was $35,260. How much did he invest at each amount?
Lenny D. answered 04/09/20
Former professor at Tufts University with decades on Wall Street
X*(5%) +(4X+41,000)*9% =35,260 0r
41%*X +9%*41,000 =35260
or 31,579=(41/100)X or X=(100/41)(31579) or
X=77,000 at 5% and 77,000*4 +41,000 or 349,000 at 9%
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