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Salsk061 [2.6K]
3 years ago
14

At the beginning of year 1 paolo invests $500

Mathematics
1 answer:
11111nata11111 [884]3 years ago
6 0

Answer:

At year two, he should invest two times that amount

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let the numbers be x and y

x + y = 1600 ----*

12%x = 20%y

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0.2

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substitute in * eqn

x + 0.6x = 1600

1.6x = 1600

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then,

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