SOLUTION: Ms. Mills invested her $20,000 bonus into two accounts. She took a 4% loss on one investment and made a 12% profit on another investment, but ended up breaking even. How much was i

SOLUTION: Ms. Mills invested her $20,000 bonus into two accounts. She took a 4% loss on one investment and made a 12% profit on another investment, but ended up breaking even. How much was i

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Question 450300: Ms. Mills invested her $20,000 bonus into two accounts. She took a 4% loss on one investment and made a 12% profit on another investment, but ended up breaking even. How much was invested in each account?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
x+y=20000
-.04x+.12y=0
4x=12y
x=3y
3y+y=20000
4y=20000
y=5000
x=15000
$15000 was deposited in her first investment, $5000 in her second..
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