Jackson invested rs 20000, he invested a part of it at 12% and the rest at 10%,  his annual income from these investments is 2280 rs. How much did he invest at each rate? 

Asked by raj9852265141 | 8th Jul, 2019, 06:00: PM

Expert Answer:

Let Jackson invested Rs. x at the rate of interest 12% and remaining amount Rs. (20,000 - x) at the rate of 10%.
According to the question,
12% of x + 10% of (20,000 - x) = 2280
0.12x + 0.1(20,000 - x) = 2280
0.12x + 2000 - 0.1x = 2280
0.02x = 280
x = Rs. 14,000
Jackson invested Rs. 14,000 at 12% and (20,000 - 14,000) = Rs. 6000 at 10%.


Answered by Sneha shidid | 9th Jul, 2019, 10:23: AM