Question

On two investments totaling $14,000, Peter lost 4% on one and earned 6% on the other. If his net annual receipts were $312, how much was each investment?

Answer 1

Answer:

5280 , 8720

Step-by-step explanation:

suppose the one is x, another is y

x+y=14000

y(6%)-x(4%)=312

x=5280

y=8720

net annual receipt means the income so you have to substract the lost from the gains