Question 507834
A man invests 1/3 of his capital at 3% and the remainder at 4%. What is the capital if his total income is 44 000?
.
Let x = capital
then
.03(x/3) + .04(2x/3) = 44000
multiplying both sides by 3:
.03(x) + .04(2x) = 132000
.03x + .08x = 132000
.11x = 132000
x = $1,200,000