Mark M. answered 10/09/19
Retired math prof. Very extensive Precalculus tutoring experience.
0.15x - 0.14(16000 - x) = 225
0.29x - 2240 = 225
0.29x = 2465
x = 8500
$8500 was invested at 15% and $7500 was invested at 14%.
Mary P.
asked 10/08/19Maria invests a total of $16,000 in two accounts. The first account earned a rate of return of 15% (after a year). However, the second account suffered a 14% loss in the same time period. At the end of one year, the total amount of money gained was $225.00. How much was invested into each account?
$ was invested at 15% and
$ was invested at 14%.
Mark M. answered 10/09/19
Retired math prof. Very extensive Precalculus tutoring experience.
0.15x - 0.14(16000 - x) = 225
0.29x - 2240 = 225
0.29x = 2465
x = 8500
$8500 was invested at 15% and $7500 was invested at 14%.
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