SOLUTION: Ms. Mills invested her $20,000 bonus in 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 inv
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Question 147631: Ms. Mills invested her $20,000 bonus in 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 edjones(8007) (Show Source):
You can put this solution on YOUR website! Let amount invested for a gain be g, for a loss 20000-g.
.12g+(-.04(20000-g))=0
.12g-800+.04g=0
.16g=800
g=$5,000 invested for the 12% gain
20000-5000=$15,000 invested for the 4% loss.
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Ed
