Asked by Kat

Things did not go quite as planned. you invested $8,000, part of it in a stock that payed 12% annual interest. However the rest of the money suffered a 5% loss. If the total annual income for both investments was $620.
Answered by Steve
If $x is invested at 12%, then

.12x - .05(18000-x) = 620
There are no AI answers yet. The ability to request AI answers is coming soon!