Algebra 1
posted by Daniel on .
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?

.02x + .08(15000x) = 204.00
x = 9960.00
check:
8% of 5040 = 403.20
2% of 9960 = 199.20
subtract: 204.00