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Original Question
On two investments totaling $12500 Lydia lost 7% on one and earned 8% on the other. If her net annual receipts were $115 how mu...Question
On two investments totaling $15,000, Michelle lost 4% on one and earned 6% on the other. If her net annual receipts were $175, how much was each investment?
Answers
Anonymous
x and (15,000 - x)
0.96 x + 0.06 (15,000-x) = 175
solve for x and then do 15,000-x
0.96 x + 0.06 (15,000-x) = 175
solve for x and then do 15,000-x
Anonymous
sorry
-0.04 x + 0.06(15,000-x) = 175
-0.04 x + 0.06(15,000-x) = 175
Anonymous
I must remember to turn brain on after breakfast!