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Numerical Ability
Simple & Compound Interest
A portion of $6600 is invested at a 5% annual return, while the remainder is invested at a 3% annual return. If the annual income from the portion earning a 5% return is twice that of the other portion, what is the total income from the two investments after one year?
A. 300
B. 180
C. 360
D. 270
E. 320
Read Solution (Total 2)
-
- let the portion of amount at 5% be x, then the amount at 3% be 6600-x.
5x/100 = 2( 3(6600-x)/100)
x=3600
total income= 5(3600)/100 + 3(6600-3600)/100 = 270 - 9 years agoHelpfull: Yes(1) No(0)
- it will be 270
- 9 years agoHelpfull: Yes(0) No(0)
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