m = amount in mortgage @ 6%
.05(8500000 - m) = 2(.06m)
Solve for m
Problem : Mr James received and inheritance $ 8,500,000. A part of this money he invested in a mortgage paying 6% interest. The rest of it he invested in bonds paying 5% interest. The annual income form the 2nd investment was twice as much as from the first. How much was invested in the mortgage?
I need your help on this problem guys.. im more weak in money problems and commission sir...
THANK YOU.