Mr. jackson invested a sum of money at 6% per year, and 3 times as much at 4%
per year. how much did he invest at each rate if his annual return totaled $144?

Mr. Jackson invested $800 at 6% per year and $ 2400  at 4 % per year

Mr. Jackson invested a sum of money at 6% per year, and 3 times as much at 4% per year.

Let the sum invested be ‘a’ and ‘3a’ at 6% per year and 4 % per year respectively

Also, his annual return totaled $144

We can form following equation on the basis of question:-

a = $800

The amount of money invested at 6% = a = 800

The amount of money invested at 4 % = 3a = 3(800) = 2400

So, the amount of money invested at 6% is $800 and the amount of money invested at 4% is $ 2400

1,645,493,059.35

step-by-step explanation: