Investment: Melchor is going to invest his savings. He has two options. He can invest part of his savings at 6% and the remaining part at7%. This options results in a yearly income of 460 Pesos. In the second option, he can invest the same amount of money at 6% and the remaining at 8%. This option results in a yearly income of 500 Pesos. How much is he considering to invest at each rate?

Question

Investment: Melchor is going to invest his savings. He has two options. He can invest  part of his savings at 6% and the remaining part at7%. This options results in a yearly income of 460 Pesos. In the second option, he can invest the same amount of money at 6% and the remaining at 8%. This option results in a yearly income of 500 Pesos. How much is he considering to invest at each rate?

anonymous · Answer

suppose he invests x pesos at 6%.
what will be his earnings at the end of the year?

anonymous · Answer

i need to get some feedback from you to help you. are you interested in the answer or not?

anonymous · Answer

hmm ...nothing is written here ...

anonymous · Answer

huh? 
suppose he invests x pesos at 6%.
what will be his earnings at the end of the year?

anonymous · Answer

How much is he considering to invest at each rate?
 .. that is the question ..

anonymous · Answer

yes. but I am asking you,
suppose you had 100 pesos.
lets say you invest the 100 pesos in a 50% return investment. how much money will you have at the end of the year?

anonymous · Answer

solve it using simultaneous equations