(All Steps) 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
Question: 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. If x represents the 12% investment and y represents the 15% investment,
- Write an equation that states that the sum of the investments is $500,000.
- What is the annual return on the 12% investment?
- What is the annual return on the 15% investment?
- Write an equation that states that the sum of the annual returns is $64,500.
- Solve these two equations simultaneously to find how much is invested in each property.
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