# Algebra 1

posted by .

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

## Similar Questions

1. ### Algebra

An investment adviser invested \$14,000 in two accounts. One investment earned 5% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was \$540. How much was invested …
2. ### Algebra 1

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?
3. ### Algebra

Two investments totaling \$19,000 produce an annual income of \$1560. One investment yields 9% a year, while the other yields 4% per year. How much is invested at each rate?
4. ### algebra

An investment adviser invested \$14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was \$458. How much was invested …
5. ### math

An investment adviser invested \$14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was \$458. How much was invested …
6. ### math

An investment adviser invested \$14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was \$458. How much was invested …
7. ### math

An investment adviser invested \$14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was \$458. How much was invested …
8. ### algebra

two investments totaling \$35,000 produce an annual income of \$1395. One investment yields 6% per year, while the other yields 3% per year. How much is invested at each rate?
9. ### algebra

Two investments totaling \$49,500 produce an annual income of \$1770. One investment yields 2% per year, while the other yields 4% per year. How much is invested at each rate?
10. ### Algebra

Two investments in high- technology companies total \$1,100. If one investment earns 10% annual interest and the other earns 10%, find the amount of each investment of the total interest earned is \$140 for the year. The value of the …

More Similar Questions