Answered: Mr. Cruz invested P100,000.00 part at…

Mr. Cruz invested P100,000.00 part at 6% and the rest at 8%. How much should be invested at each rate so that the income from the 8% is twice the income from the 6% investment?

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter5: Factoring Polynomials

Section: Chapter Questions

Problem 6MPS

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Mr. Cruz invested P100,000.00 part at 6% and the rest at 8%. How
much should be invested at each rate so that the income from the
8% is twice the income from the 6% investment?

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