SOLUTION: Mr. Agoncillo has at least PHP 150 000 deposited in two banks. one bank gives an annual interest of 4% while the other bank gives 6% interest a year. Mr. Agoncillo receives at most

Question 1187736: Mr. Agoncillo has at least PHP 150 000 deposited in two banks. one bank gives an annual interest of 4% while the other bank gives 6% interest a year. Mr. Agoncillo receives at most PHP 12 000
a. What mathematical statements represents the given situation?
Let x =
y=
Mathematical statement:
Found 2 solutions by josgarithmetic, Theo:
Answer by josgarithmetic(39620) (Show Source): You can put this solution on YOUR website!
h, the money deposited at 6% rate.
150000-h, the money at 4%.

To use just the one single variable,

.
.
.
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
your system of equations would be:

x + y >= 150000

.04x + .06y <= 12000

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