Five investors are repaid, each with their initial investment increased by p% plus a fixed thank you
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Five investors are repaid, each with their initial investment increased by p% plus a fixed ‘thank you’ bonus of $q. The woman who invested $20000 is repaid double her investment and the man who invested $7500 is repaid triple his investment. Find the total amount that the five people invested, given that the mean amount repaid to them was $33000.
Do you think the method of repayment is fair? Give a reason for your answer.
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Related Book For
Cambridge International AS & A Level Mathematics Probability & Statistics 1 Coursebook
ISBN: 9781108407304
1st Edition
Authors: Dean Chalmers, Julian Gilbey
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