Raymond B. answered 02/11/22
Math, microeconomics or criminal justice
let T = amount invested for the investment earning 18%, S= amount for 12% and F= 10%
T = 300 + S
F + S + T = 5500
.1F + .12S + .18T = 764
.1F + .1S + .1T = 550
subtract to eliminate one variable
.02S + .08T = 214
.02S + .08(300+S) = 214
.02S + .08S = 214 - .08(300) = 214 - 24
.1S = 190
S = $1,900 invested at 12%
T = $2,200 invested at 18%
F = 5500-1900-2200 = 5500-4100 = $1,400 invested at 10%
.1(1400) + .12(1900) + .18(2200)
= 140 + 228 + 396 = 764