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How many investors contributed

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Reference no: EM132942434

Question - Formulate the situation as a system of two linear equations in two variables. Be sure to state clearly the meaning of your x- and y-variables. Solve the system by the elimination method. Be sure to state your final answer in terms of the original question.

A lawyer has found 60 investors for a limited partnership to purchase an inner-city apartment building, with each contributing either $5,000 or $10,000. If the partnership raised $420,000, then how many investors contributed $5,000 and how many contributed $10,000?

Reference no: EM132942434

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