SOLUTION: Arsing invested a certain amount at 8% and twice that amount at 10%. If the investment would yield an annual income of PhP16,500.00, how much did he invest in each

Algebra.Com
Question 1103726: Arsing invested a certain amount at 8% and twice that amount at 10%. If the investment would yield an annual income of PhP16,500.00, how much did he invest in each
Answer by ikleyn(52788)   (Show Source): You can put this solution on YOUR website!
.
interest + interest   = interest

0.08*x   + 0.10*(2x)  = 16500       (1)


Solve for x which is the smaller amount invested.

--------------
To see more problems on investment solved, look into the lesson
    - Using systems of equations to solve problems on investment
in this site.


RELATED QUESTIONS

Ruth invested a certain amount at 8% and twice that amount at 9%. If the two investments... (answered by swincher4391)
Rowan invested a certain amount of money at 5% per year and an amount thrice as large at... (answered by Earlsdon)
the amount invested in two advertising agencies is 100000. one investment yields 10% and... (answered by mananth)
Mrs. Stevens invested a certain amount of money at 7% and twice that amount at 10%. If... (answered by fractalier)
George decided to invest a certain amount of money, some at an annual interest rate of... (answered by greenestamps)
joy invested a certain amount at 9%, twice that amount at 10%, and three times that... (answered by ikleyn,greenestamps)
Trudy Waterbury, a financial planner, invested a certain amount of money at 9% annual... (answered by checkley71)
A man invested a certain amount of money at 6% and another amount twice as as much at 8%. (answered by Fombitz,MathTherapy)
A woman invests money in two funds that yield an annual total income of $86. One fund... (answered by lwsshak3)