Aman invested $20,000 in the bank. Apart of it was invested at 5% and the rest at 10%. The total annual income from the two investments is $1,525.00. How much was invested at each of these rates?
Aman invested $20,000 in the bank. Apart of it was invested at 5% and the rest at 10%. The total annual income from the two investments is $1,525.00. How much was invested at each of these rates?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Transcribed Image Text:A man invested $20,000 in the bank. A part of it was invested
at 5% and the rest at 10%. The total annual income from the two
investments is $1,525.00. How much was invested at each
of these rates?
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