SOLUTION: A man invested three equal amounts of money at 5%,16% and 25% annual interest rates,respectively.If his total annual income is 552,000 pesos, how much did he invest at each rate?
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Question 587286: A man invested three equal amounts of money at 5%,16% and 25% annual interest rates,respectively.If his total annual income is 552,000 pesos, how much did he invest at each rate?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
.05x+.16x+.25x=552000
x=1,200,000 pesos
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