Question

Ralph Chase plans to sell a piece of property for $155000. He

Answer 1

Ralph chase invested $85000 at an interest of 10% and $70000 at an interest of 8%

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

An independent variable is a variable that does not depends on other variable while a dependent variable is a variable that depends on other variable.

Let a represent the amount invested at interest of 10% and b represent the amount invested at 8%, hence:

a + b = 155000    (1)

Also:

0.1a + 0.08b = 14100    (2)

From both equations:

a = 85000, b = 70000

Ralph chase invested $85000 at an interest of 10% and $70000 at an interest of 8%

Find out more on equation at: brainly.com/question/2972832

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