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If I invest N2000 at x% and N2500 at y%, my annual income is N160. Had I invested N2500 at x% and N2500 at y%, my income would have been N155. Find x and y.

Mathematics

ScanSolve AI Answer

Answer

x=−1,y=7.2x = -1, y = 7.2

Step-by-step solution

4 steps
  1. Set up the system of linear equations.

    Let xx be the first percentage rate and yy be the second percentage rate. The income from an investment is calculated as (Amount ×\times Rate) / 100.

    From the first statement: "If I invest N2000 at x%x\% and N2500 at y%y\%, my annual income is N160."

    2000x100+2500y100=160\frac{2000x}{100} + \frac{2500y}{100} = 160 20x+25y=160(1)20x + 25y = 160 \quad (1)

    From the second statement: "Had I invested N2500 at x%x\% and N2500 at y%y\%, my income would have been N155."

    2500x100+2500y100=155\frac{2500x}{100} + \frac{2500y}{100} = 155 25x+25y=155(2)25x + 25y = 155 \quad (2)
  2. Solve for xx using the elimination method.

    Subtract equation (1) from equation (2) to eliminate yy:

    (25x+25y)−(20x+25y)=155−160(25x + 25y) - (20x + 25y) = 155 - 160 25x−20x+25y−25y=−525x - 20x + 25y - 25y = -5 5x=−55x = -5 x=−55x = \frac{-5}{5} x=−1x = -1
  3. Substitute the value of xx into equation (1) to solve for yy.

    Substitute x=−1x = -1 into 20x+25y=16020x + 25y = 160:

    20(−1)+25y=16020(-1) + 25y = 160 −20+25y=160-20 + 25y = 160

    Add 20 to both sides:

    25y=160+2025y = 160 + 20 25y=18025y = 180 y=18025y = \frac{180}{25} y=7.2y = 7.2
  4. State the final answers for xx and yy.

    The values are x=−1x = -1 and y=7.2y = 7.2.

    The final answer is x=−1,y=7.2x = -1, y = 7.2.

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