SOLUTION: Mitoy has P6,000 invested at 5% and 6%. How many pesos would ha have to invest at 5% so that his total interest per year would be equal to P320.

SOLUTION: Mitoy has P6,000 invested at 5% and 6%. How many pesos would ha have to invest at 5% so that his total interest per year would be equal to P320.

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Question 1067117: Mitoy has P6,000 invested at 5% and 6%. How many pesos would ha have to invest at 5% so that his total interest per year would be equal to P320.
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
x at 5%
6000-x @ 6%
.05x+.06(6000-x)=320
.05x+360-.06x=320
-.01x=-40
x=$4000 @5% pr $200
$2000 @6% =$120
checks.
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