Respuesta :
Cumulative costs of the investments of a mutual fund you currently hold are the amount invested. Net Investment is one investment action's net amount of inflow.
- Invested Amount in PP [tex]\bold{= \$2400}[/tex]
- Invested Amount in TT [tex]\bold{= \$(10000 - 2400) = \$7600}[/tex]
Solution:
The formula for calculating the simple interest:
[tex]\to \text{Simple interest} = principal \times rate \times time[/tex]
Total amount = 10000
Let :
- Invested Principle (PP) [tex]\bold{= r}[/tex] ............................. (i)
- Invested Amount in TT [tex]\bold{= 10000 - r}[/tex] ................................. (ii)
From both investments total earned interest = $620
[tex]\to \bold{PP \ investment \ return + TT \ investment\ return = 620}[/tex]
[tex]\to (r \times 10\% \times 1) + (10000 - r \times 5\% \times 1) = 620\\\\\to (r \times \frac{10}{100} \times 1) + (10000 - r \times \frac{5}{100} \times 1) = 620\\\\\to (r \times 0.10 \times 1) + (10000 - r \times 0.05 \times 1) = 620\\\\\to 0.1r + 500 - 0.05r = 620\\\\\to 0.05r = 620 - 500\\\\\to 0.05r = 120\\\\\to r =\frac{ 120}{0.05}\\\\\to r = 2400[/tex]
Therefore,
- Invested Amount in PP [tex]\bold{= \$2400}[/tex]
- Invested Amount in TT [tex]\bold{= \$(10000 - 2400) = \$7600}[/tex]
Learn more :
brainly.com/question/20014745
