You win $10 000 in a Best Math Student competition. Being a generous person, you decide to invest the money You win $10 000 in a Best Math Student competition. Being a generous person, you decide to invest the money in two local businesses to them get off the ground. The businesses are Paul’s Paper and Tiffany’s Tyres. They offer the following annual interest rates return to encourage your investment;
PP – 10% p. a.TT – 5% p. a.The investment’s combined return is $620 after one year. How much was invested in each company?