Asked by Daniel

On 2 investments totaling 15,00, peter lost 2% on one and earned 8% on the other. If his annual receipts were $204, how much was each investment?
Answered by Steve
-.02x + .08(15000-x) = 204.00
x = 9960.00

check:
8% of 5040 = 403.20
2% of 9960 = 199.20
subtract: 204.00
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