Paula split an inheritance between two investments, one a certificate of deposit paying 7% annual interest, and the other a promising biotech company offering an annual return of 10%. She invested twice as much in the 10% investment as she did in the 7% investment. If her combined annual income from the two investments was $4,050, how much did she inherit?
$__________

Question

Paula split an inheritance between two investments, one a certificate of deposit paying 7% annual interest, and the other a promising biotech company offering an annual return of 10%. She invested twice as much in the 10% investment as she did in the 7% investment. If her combined annual income from the two investments was $4,050, how much did she inherit?
 $__________

Quizplus · Accepted Answer

The Answer of Paula split an inheritance between two investments, one a certificate of deposit paying 7% annual interest, and the other a promising biotech company offering an annual return of 10%. She invested twice as much in the 10% investment as she did in the 7% investment. If her combined annual income from the two investments was $4,050, how much did she inherit?
 $__________

Paula Split an Inheritance Between Two Investments, One a Certificate