SOLUTION: how should php 11 560 be invested sop that the income from one investment at 10 percent shall be twice the income from another investment at 12 percent
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: how should php 11 560 be invested sop that the income from one investment at 10 percent shall be twice the income from another investment at 12 percent
Log On
Question 773314: how should php 11 560 be invested sop that the income from one investment at 10 percent shall be twice the income from another investment at 12 percent
You can put this solution on YOUR website! how should php 11 560 be invested so that the income from one investment at 10 percent shall be twice the income from another investment at 12 percent
:
Let x = amt invested at 10%
then
(11560-x) = amt invested at 12%
:
Twice the 12% income = 10% income
2[.12(x)] = .10(11560 - x)
.24x = 1156 - .10x
.24x + .10x = 1156
.34x =1156
x = 1156/.34
x = $3400 at 12%
then
11560 - 3400 = $8160 at 10%
:
:
Check this
.12(3400) = $408
.10(8160) = $816
