Asked by Yasmin
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.
B) wrtie an equation about the amount camerllo invested.
C) write a second equation about carmello's annual intrest.
Answers
Answered by
bobpursley
E is the amount at eight percent
T is the amount at twelve percent.
.12T -3=.08E
.12(1200-E)-3=.08E
solve.
T is the amount at twelve percent.
.12T -3=.08E
.12(1200-E)-3=.08E
solve.
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