SOLUTION: A man invested half his money at 5%, 1/3 of his money at 4% and the rest at 3.5%. If his total income is $795 how much had he invested?
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Question 926516: A man invested half his money at 5%, 1/3 of his money at 4% and the rest at 3.5%. If his total income is $795 how much had he invested?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = his investment
His return from 5% investment is:
------------------------
His return from 4% investment is:
--------------------------
His return from 3.5% investment is:
-----------------
Multiply both sides by
$18.000 was his investment
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