Problema Solution
shayne invested two equal sums of money, one at 8% and the other at 7.5%. if the total annual income from these investments was P620, how much did she invest at each rate?
Answer provided by our tutors
let 'x' represent the sum of money invested at each rate
0.08x + 0.075x = 620
by solving we find
x = $4,000
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Shayen invested $4,000 at each rate.