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College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco
Edition 3ISBN: 032157060XCollege Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco
Edition 3ISBN: 032157060X Exercise 52
Step-by-step solution
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Consider that a woman has $500,000 invested in two rental properties. One yields an annual return of 12%$ of her investment, and the other returns 15% per year on her investment. Her total annual return from the two investments is $64,500.
And suppose that x represents the 12% investment and y represents the 15% investment.
(a) Let us write an equation that states that the sum of the investments is $500,000.
Since x represents the 12% investment and y represent the 15% investment.
Thus, the equation that states the sum of the investments is
.
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College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco
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