Homework Help: Algebra 1

Posted by Daniel on Monday, July 9, 2012 at 6:58pm.

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?

Algebra 1 - Steve, Tuesday, July 10, 2012 at 4:41am
-.02x + .08(15000-x) = 204.00
x = 9960.00

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

Answer this Question

Related Questions

Algebra 1 - On 2 investments totaling 15,00, peter lost 2% on one and earned 8% ...
Math - A person invests a total of 22,00 in 2 accounts. 1 investment earned 7% ...
algebra - two investments were made totaling $15,000. for a certain year these ...
algebra - an investor invested a total of 1,100 in two mutual funds. One fund ...
Math - Megan bought a book for $12.00, received an allowance of $15.00, paid ...
Math grade7 - Meagan bought a book for $12.00, received an allowance of $15.00, ...
algebra - if an investor invest a total of $1900.00 and one earned 4% and the ...
Math - Please check my answer thanks :) Based on the information below what is ...
algebra investments - Peter invested some money at 6% annual interest and martha...
ALGEBRA - An investment of $93,000 was made by a business club. the investment ...

For Further Reading

First Name:
School Subject:
Answer: