SOLUTION: You are an accountant for a construction business and are planning next year's budget. You have $200,000 to spend on salaries, equipment expenses, and other general expenses. Based

Algebra ->  Matrices-and-determiminant -> SOLUTION: You are an accountant for a construction business and are planning next year's budget. You have $200,000 to spend on salaries, equipment expenses, and other general expenses. Based      Log On


   

Question 29407: You are an accountant for a construction business and are planning next year's budget. You have $200,000 to spend on salaries, equipment expenses, and other general expenses. Based on previous financial records of the business, you expect to spend five times as much on salaries as on equipment maintence, and you expect general expenses to be 10% of the amount spent on the other two combined. Write and solve a system of equations to find the amount you should budget for each category.
okay thats the problem and this is what i ahve so far:
x- is the salary y- is the equipment expenses z- is the other expenses


i have these 2 equations that i think are right:
x+y+z= $200,000
.10z=x+y
and thats it. can you help me ASAP thanks

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Salaries = 5 times equipment expenses gives you
a third equation.
Solve the system of three equations to find x,y, and z.
Cheers,
Stan H.