SOLUTION: A total of $10,000 was invested in two business ventures, A and B. At the end of the first year, A and B yielded returns of 6% and (5 3/4)% respectively, on the original investment

SOLUTION: A total of $10,000 was invested in two business ventures, A and B. At the end of the first year, A and B yielded returns of 6% and (5 3/4)% respectively, on the original investment

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Question 807884: A total of $10,000 was invested in two business ventures, A and B. At the end of the first year, A and B yielded returns of 6% and (5 3/4)% respectively, on the original investments. How was the original amount allocated if the total amount earned was $588.75?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
a+b=10000,
.06a+.0575b=588.75
a=5500., b=4500.
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