SOLUTION: Mr. Santos invested 50,000 pesos, part of which at 5% per year and the rest at 6% per year. his annual income from the two investments was 2000 pesos. How much did he invest at eac

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Question 131265: Mr. Santos invested 50,000 pesos, part of which at 5% per year and the rest at 6% per year. his annual income from the two investments was 2000 pesos. How much did he invest at each rate?
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
SOMETHING IS WRONG WITH THIS PROBLEM.
THE SMALLEST INVESTMENT PERCENTAGE IS 5% WHICH WOULD NET .05*50,000=$2,500 WHICH IS GREATER THAN THE TOTAL INVESTMENT.
6% WOULD YIELD $3,000.
THE ANSWER FOR THIS INVESTMENT MUST BE BETWEEN $2,500 & $3,000 NOT $2,000.