SOLUTION: Paul invested $100,000 in two different companies. The first earned 6% and the second earned 12% profits. If Paul made 2 times as much from the 12% investment as he did from the 6%

Algebra ->  Human-and-algebraic-language -> SOLUTION: Paul invested $100,000 in two different companies. The first earned 6% and the second earned 12% profits. If Paul made 2 times as much from the 12% investment as he did from the 6%      Log On


   

Question 1173369: Paul invested $100,000 in two different companies. The first earned 6% and the second earned 12% profits. If Paul made 2 times as much from the 12% investment as he did from the 6% investment, how much did he invest in the company that made 6%?
Translate into an equation and solve.
Answer by josgarithmetic(39630) About Me  (Show Source):
You can put this solution on YOUR website!
x invested in 6%
100000-x invested in 12%


0.12%28100000-x%29=2%2A0.06x----------simplify and solve this.