SOLUTION: Can you help me in translating this statement into equation? "A man has three sums of money invested, one at 4%, one at 5% and one at 3%. His total yearly income from the three inv

Question 206724: Can you help me in translating this statement into equation? "A man has three sums of money invested, one at 4%, one at 5% and one at 3%. His total yearly income from the three investments is P1400. The last investment yields 100 more per year than the other two combined. If he could receive 1% more on each investment, his annual income would be increased by P400. How much does he invested at each rate?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Can you help me in translating this statement into equation?
"A man has three sums of money invested, one at 4%, one at 5% and one at 3%.
His total yearly income from the three investments is P1400.
---
Interest Equation: 0.04x+0.05y+0.03z = 1400
---
The last investment yields 100 more per year than the other two combined.
Interest Eq: 0.03z = (0.04x+0.05y)+100
-----
If he could receive 1% more on each investment, his annual income would be increased by P400.
Interest Eq: 0.05x + 0.06y + 0.04z = 1400+400
--------------------------------------
How much does he have invested at each rate?
=======================================================
Cheers,
Stan H.

RELATED QUESTIONS
A man has three sums of money invested, one at 4 per cent, one at 3 1/2 per cent, and one (answered by josmiceli)

Please help, ive been stuck on this question for the last 45 mins. QUESTION: A man... (answered by ewatrrr,lwsshak3)

Can you help me solve this word question in the form of an algebraic equation? One... (answered by Earlsdon)

Will someome please help me solve, someone was kind enough to show me how to do this with (answered by bucky)

Hi..trying to help my son on his homework, and running into a bit of a wall on this one.... (answered by stanbon,drcole)

Please help me solve this equation of translating an exponential statement into an... (answered by Edwin McCravy)

Will someone please help me with this problem?A stockbroker has money in three accounts. (answered by bucky)

A man invested one fifth of his money at 4%, half of his money at 5%, and the rest of his (answered by ewatrrr)

A man has 3 sums of money invested, one at 12%, one at 10% and the last at 8%, his total... (answered by ankor@dixie-net.com)