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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.
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Step-by-step solution
4 stepsSet up the system of linear equations.
Let be the first percentage rate and be the second percentage rate. The income from an investment is calculated as (Amount Rate) / 100.
From the first statement: "If I invest N2000 at and N2500 at , my annual income is N160."
From the second statement: "Had I invested N2500 at and N2500 at , my income would have been N155."
Solve for using the elimination method.
Subtract equation (1) from equation (2) to eliminate :
Substitute the value of into equation (1) to solve for .
Substitute into :
Add 20 to both sides:
State the final answers for and .
The values are and .
The final answer is .
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