SOLUTION: Peter and Paul had $340 altogether. Peter spent three-fourths of his money and Paul spent two-fifths of his money. Then they found that they had an equal amount of money left. How

SOLUTION: Peter and Paul had $340 altogether. Peter spent three-fourths of his money and Paul spent two-fifths of his money. Then they found that they had an equal amount of money left. How

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Question 1090754: Peter and Paul had $340 altogether. Peter spent three-fourths of his money and Paul spent two-fifths of his money. Then they found that they had an equal amount of money left. How much money did each of them have at first?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
Let m be Peters' money, and n be paul's money. Then:
m+n=340 and
1/4(m)=3/5(n)
Solve for m and n
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