passpadi

2006

Mathematics

POST UTME

A business invested a total of N200,000 in two companies which paid dividends of 5% and 7% respectively. If the received a total of N11, 600 as dividend, how much did he invest at 5%

A.

N160,000

B.

N140,000

C.

N120,000

D.

N80,000

Correct Answer: N120,000

Explanation

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