A man has $235,000 invested in three properties. One earns 12%, one 10%, and one 8%. His

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A man has $235,000 invested in three properties. One earns 12%, one 10%, and one 8%. His annual income from the properties is $22,500 and the amount invested at 8% is twice that invested at 12%.

(a) How much is invested in each property?

(b) What is the annual income from each property?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 04:58 AM

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A man has $235,000 invested in three properties. One earns 12%, one 10%, and one 8%. His

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a Let x 12 investment amount y 10 investment amount and z 8 investment amount x ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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