A Man Has $282,000 Invested in Three Properties

question 122

Multiple Choice

A man has $282,000 invested in three properties. One earns 12%, one 10%, and one 8%. His annual income from the properties is $27,000 and the amount invested at 8% is twice that invested at 12%. How much is invested in each property?

• A)$33,840 at 12%, $28,200 at 10%, $22,560 at 8%
• B)$88,800 at 12%, $44,400 at 10%, $148,800 at 8%
• C)$76,800 at 12%, $68,400 at 10%, $136,800 at 8%
• D)$55,500 at 12%, $111,000 at 10%, $115,500 at 8%
• E)$60,000 at 12%, $102,000 at 10%, $120,000 at 8%

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