Things did not go quite as planned. you invested $20,000, part of it in a fund that paid 12% annual interest. however, the rest of the money suffered a 5% loss. if the total annual income from both investments was $1890, how much was invested at each rate?

Respuesta :

0.12 (20000-x)-0.05x=1890
Solve for x
2400-0.12x-0.05x=1890
-0.12x-0.05x=1890-2400
-0.17x=-510
X=510÷0.17
X=3,000. Invested at 5%

20000-3000=17000 invested at 12%