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Anonymous
$50,000 was invested in bonds at %6and stocks at 8%. how much money was invested in each if the total return was $32,000?
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Answered by
Steve
If $x is at 6%, then the rest (50000-x) is at 8%. So, just add up the interest:
.06x + .08(50000-x) = 32000
Now just solve for x.
Answered by
Dorothy
466.67
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