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natima [27]
3 years ago
11

Theodore invests a total of $12,500 in two accounts. the first account earned a rate of return of 11% (after a year). however, t

he second account suffered a 2% loss in the same time period. at the end of one year, the total amount of money gained was $140.00. how much was invested into each account?
Mathematics
1 answer:
alexdok [17]3 years ago
3 0
Total amount was a surplus of 140 = 
Let X be first acc, Y be 2nd Acc. 
X + Y = 12500
11%X-2%Y= 140
11X-2Y=14000
13X= 39000
X=3000
Y=9500

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