A man has $282,000 invested in three properties. One earns 12%, one 10%, and one 8%. His annual income from the properties is $27,000 and the amount invested at 8% is twice that invested at 12%. How much is invested in each property?
A) $33,840 at 12%, $28,200 at 10%, $22,560 at 8%
B) $88,800 at 12%, $44,400 at 10%, $148,800 at 8%
C) $76,800 at 12%, $68,400 at 10%, $136,800 at 8%
D) $55,500 at 12%, $111,000 at 10%, $115,500 at 8%
E) $60,000 at 12%, $102,000 at 10%, $120,000 at 8%
Correct Answer:
Verified
Q123: In the analysis of traffic flow, a
Q124: A man has Q125: A brokerage house offers three stock portfolios. Q126: Solve the following system of equations for Q127: Use technology to solve the system of Q129: Each ounce of substance A supplies Q130: A trust account manager has $220,000 to Q131: An irrigation system allows water to flow Q132: Use technology to solve the system of Q133: Use technology to solve the system of![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents