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Question 1188490: A businessman invested fifty million pesos part at five and a half percent and the rest at six percent per year. His annual income from both investments was one million six hundred thousand pesos. How much was each investment?
Answer by ikleyn(52787)   (Show Source):
You can put this solution on YOUR website! .
A businessman invested fifty million pesos part at five and a half percent
and the rest at six percent per year. His annual income from both investments
was one million six hundred thousand pesos. How much was each investment?
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Even the entire amount of 50000000 pesos taken at the lower rate of 5.5% = 0.055 is the value
0.055 * 50000000 = 2,750,000 pesos,
which is GREATER than the given annual interest.
It means that the problem is posed INCORRECTLY and HAS NO solution in positive real numbers.
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Solved, answered and explained.
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