SOLUTION: Mr. Reyes invested a certain amount at 11% and five-sixths as much at 12% per year. If his annual income from the 11% investment is 540 more than the income from the 12% investment
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Question 936894: Mr. Reyes invested a certain amount at 11% and five-sixths as much at 12% per year. If his annual income from the 11% investment is 540 more than the income from the 12% investment, how much did he invest at 12%? Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! Mr. Reyes invested a certain amount at 11% and five-sixths as much at 12% per year. If his annual income from the 11% investment is 540 more than the income from the 12% investment, how much did he invest at 12%?
Mr. Reyes invested a certain amount at 11%------------x
and five-sixths as much at 12% per year-------------%/6)x
.his annual income from the 11% investment ..............11%x
is 540 more than
the income from the 12% investment---------------(5/6)x*12%
