Set up an appropriate equation and solve. Data are accurate to two significant digits unless greater accuracy
Question:
Set up an appropriate equation and solve. Data are accurate to two significant digits unless greater accuracy is given.
A person won a state lottery prize of $20,000, from which 25% was deducted for taxes. The remainder was invested, partly for a 40% gain, and the rest for a 10% loss. How much was each investment if there was a $2000 net investment gain?
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The amount deducted for taxes is 025 20000 5000 Therefo...View the full answer
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Related Book For 
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
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