Algebra 1

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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 -

    -.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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