A man has $270,000 invested in three properties. One earns 12%, one 10% and one 8%. His annual income from the properties is $25,700 and the amount invested at 8% is twice that invested at 12%. (a) How much is invested in each property? 12% property $ 10% property $ 8% property $ (b) What is the annual income from each property? 12% property $ 10% property $ 8% property $
A man has $270,000 invested in three properties. One earns 12%, one 10% and one 8%. His annual income from the properties is $25,700 and the amount invested at 8% is twice that invested at 12%. (a) How much is invested in each property? 12% property $ 10% property $ 8% property $ (b) What is the annual income from each property? 12% property $ 10% property $ 8% property $
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter5: Systems Of Equations And Inequalities
Section: Chapter Questions
Problem 26E
Related questions
Question
A man has $270,000 invested in three properties. One earns 12%, one 10% and one 8%. His annual income from the properties is $25,700 and the amount invested at 8% is twice that invested at 12%.
(a) How much is invested in each property?
(b) What is the annual income from each property?
12% | property | $ | ||||
10% | property | $ | ||||
8% | property | $ |
(b) What is the annual income from each property?
12% | property | $ | ||||
10% | property | $ | ||||
8% | property | $ |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell