Recent content by Kos46
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MHB Solve Investment Problem: Net Profit $1,850 from $13,500 Bonus
Thank you so much for confirming my suspicions that the question was flawed! I can't tell you how many times I've tried to solve it. :)- Kos46
- Post #5
- Forum: Set Theory, Logic, Probability, Statistics
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MHB Solve Investment Problem: Net Profit $1,850 from $13,500 Bonus
Wow! Thank you for replying so quickly! OK, so, I have Let x = the amount of money that made an 8% profit Let y = the amount of money that lost 4% [1] x + y = 13 500 x = 13 500 - y y = 13 500 -x [2] 8/100x - 4/100y = 1850 Multiply both sides by 100 to get rid of fractions 8x - 4y = 185000 8x -...- Kos46
- Post #3
- Forum: Set Theory, Logic, Probability, Statistics
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MHB Solve Investment Problem: Net Profit $1,850 from $13,500 Bonus
Hello, Could someone please help me with the problem I've typed below? It is very similar to another problem on this forum <http://mathhelpboards.com/pre-algebra-algebra-2/investment-problem-8808.html>. I've tried to solve it in a similar way (exclusion and/or substitution) but I keep getting...- Kos46
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- Replies: 5
- Forum: Set Theory, Logic, Probability, Statistics