SOLUTION: A man invests $10,000.00 in two enterprises. One enterprise yields 8% per year and the other yields 10% per year. If the income from both investments is $940.00 annually, how muc
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-> SOLUTION: A man invests $10,000.00 in two enterprises. One enterprise yields 8% per year and the other yields 10% per year. If the income from both investments is $940.00 annually, how muc
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Question 150683: A man invests $10,000.00 in two enterprises. One enterprise yields 8% per year and the other yields 10% per year. If the income from both investments is $940.00 annually, how much did he invest in each enterprise? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = the 8% per yr investment
Let = the 10% per year investment
And, since ,
He invested $3,000 in the 8% investment
He invested $7,000 in the 10% investment
check:
OK
