SOLUTION: Sam invests some of his savings at 5% and an equal amount at 6% per year. His income totals 16,500.00 php a year. How much did Sam invest at each rate?

SOLUTION: Sam invests some of his savings at 5% and an equal amount at 6% per year. His income totals 16,500.00 php a year. How much did Sam invest at each rate?

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Question 956014: Sam invests some of his savings at 5% and an equal amount at 6% per year. His income totals 16,500.00 php a year. How much did Sam invest at each rate?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = amount invested at each rate

$150,000 was invested at each rate

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