SOLUTION: A man invested three equal amounts of money at 5%,16% and 25% annual interest rates,respectively.If his total annual income is 552,000 pesos, how much did he invest at each rate?

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: A man invested three equal amounts of money at 5%,16% and 25% annual interest rates,respectively.If his total annual income is 552,000 pesos, how much did he invest at each rate?      Log On


   

Question 587286: A man invested three equal amounts of money at 5%,16% and 25% annual interest rates,respectively.If his total annual income is 552,000 pesos, how much did he invest at each rate?
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
.05x+.16x+.25x=552000
x=1,200,000 pesos