SOLUTION: A person invested $20,000 in two accounts. He lost 4% on one account and made 12% on the other but broke even. How much did he invest in each account?
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Question 883694: A person invested $20,000 in two accounts. He lost 4% on one account and made 12% on the other but broke even. How much did he invest in each account? Answer by JulietG(1812) (Show Source):
You can put this solution on YOUR website! One account is 3x the other. 20k/4 = 5k per "share" (one has one share, the other three shares)
5k * .12 = 600
15k * .04 = 600
