SOLUTION:
John invested a total of $4800 in two business ventures. One investment returned 15% a year and the other 9%. If the dollar amount of the return was the same, how much did he inv
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Question 711726:
John invested a total of $4800 in two business ventures. One investment returned 15% a year and the other 9%. If the dollar amount of the return was the same, how much did he invest in each?
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
.15X=.09(4800-X)
.15X=432-.09X
.15X+.09X=432
.24X=432
X=432/.24
X=1800 INVESTED @ 15%
4800-1800=3000 AMOUNT INVESTED @ 9%
PROOF:
.15*1800=.09*3000
270=270
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