SOLUTION: ALGEBRa.COM the amount of $300000 is divided into 3 parts in the ratio 2:5:8 and these parts are invested at 2%, 4% and 6% respectively. what is the income from the 6% investment
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Question 670566: ALGEBRa.COM the amount of $300000 is divided into 3 parts in the ratio 2:5:8 and these parts are invested at 2%, 4% and 6% respectively. what is the income from the 6% investment Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! The ratio of the 1st part to the total is
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The ratio of the 2nd part to the total is
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The ratio of the 3rd part to the total is
( this part is all you really needed to solve problem )
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and
and
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The income from the 6% investment is $9,600
