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
icon
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?
  12%   property     $
  10%   property     $
  8%   property     $


(b) What is the annual income from each property?
  12%   property     $
  10%   property     $
  8%   property     $
 
 

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
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 & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
PREALGEBRA
PREALGEBRA
Algebra
ISBN:
9781938168994
Author:
OpenStax
Publisher:
OpenStax
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Algebra: Structure And Method, Book 1
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