Asked by Jane erring
you invest 2500 in the stock market for one year. part of your investment was in stock that paid 10% interest and the remainders was in a stock that paid only 8%. if you made a total of 2,200 in interest how much did you invest in each stock
Answers
Answered by
Steve
if x at 10%, then the rest (2500-x) at 8%. So, add up the interest:
.10x + .08(2500-x) = 2200
But before trying to solve that, think on the numbers. No way could $2500 produce $2200 in interest...
.10x + .08(2500-x) = 2200
But before trying to solve that, think on the numbers. No way could $2500 produce $2200 in interest...
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.