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Billy invested $18 dollars of savings in two major business enterprises which paid interest at the rate of 3% and 6%, respectively. If his annual income for these two enterprises was equivalent to a return of 5% on the entire investment, find how much he invested at 3%.

1 Answer

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0.03x+0.06(18-x)=18*0.05
Solve for x
X=6 invested at 3%... answer

18-6=12 invested at 6%
User Florian Grell
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