Is 4 18/12 equal to 5 6/12?
1 answer:
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a = amount invested at 13%
b = amount invested at 2%
we know the total amount invested is 8200, so if the first amount is say "a", the second amount must be the slack left from subtracting "a", namely b = 8200 - a.
we also know 13% of "a" plus 2% of "b" yielded an interest of $461 in a year.