> investment and interest word problems
Investment and interest word problems
- John has $20,000 to invest. He invests part of his money at an annual
interest rate of 6%, the rest at 9% annual rate. The return on these two
investments over one year is $1,440. How much does he invest at each rate?
Solution
- Paul made two investments totaling $15,000. The percentage return on the
first investment was 7% annually, while the the percentage return on the second
one was 10% annually. If the total return on the two investments over one year
was $1,350, how much was invested at each rate?
- Ben invested $30,000, part of which at 5% annual interest rate, the rest
at 9% annual interest rate. The interest earned from the investments was
$2,100 at the end of one year. How much did he invest at each rate?
Solution
- Jason invested $20,000 for one year, Part of his money was invested at an
annual interest rate of 6%, the rest at an annual interest rate of 10%. If his
total income from the two investments over one year was $1,700, how much was
invested at each rate?
- Jane had $20,000 to invest for one year. She deposited part of which into
an account paying 5% annual interest. the rest into another account paying 8%
annual interest. If the total interest earned at the end of one year was
$1,390, how much was invested at each account?
- A total of $18,000 was invested for 6 months, part at 4% annual interest
rate and part at 7% annual interest rate. The total interest earned over the 6
month period was $450, how much was invested at each rate?
Solution
- $12,000 was invested for three months. Part of which was invested at 6%
annual interest rate and the rest at 10% annual interest rate. If the total
income for three months from the investments was $240, how much was invested
at each rate?
- Sue has $15,000 to invest for 5 months, part at 6% annual rate, the rest
at 10% annual rate. If the total interest earned at the end of five months is
$450, how much was invested at each rate?
Solution