Carmella has $1200 invested in two stocks. One returns 8% per year and the other returns 12% per year. The income from the 8% stock is $3 more than the income from the %12 stock. How much did carmello invest in each stock?

Question

Carmella has $1200 invested in two stocks.  One returns 8% per year and the other returns 12% per year.  The income from the 8% stock is $3 more than the income from the %12 stock. How much did carmello invest in each stock?

B) wrtie an equation about the amount camerllo invested.

C) write a second equation about carmello's annual intrest.

bobpursley · Answer

E is the amount at eight percent T is the amount at twelve percent. .12T -3=.08E .12(1200-E)-3=.08E solve.