Question
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.
Answers
If $x is invested at 12%, then
.12x - .05(18000-x) = 620
.12x - .05(18000-x) = 620
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