A man invests a third of his capital at 6% and the rest at 8%. What is his capital if his total income is $44000?

Question

its under linear equations topic......

Answer 1

.06(c/3) + .08(2c/3) = 44,000

.06c/3 + .16c/3 = 132,000/3

 

Now the denominator can go away.

 

.22c = 132,000

c = 600,000

 

His capital was $600,000