joan invested some money in bonds at 6% and $8000 less that in stocks at 5% .her total intrest is $1690. how much was invested in stocks?

Question

joan invested some money in bonds at 6% and $8000 less that in stocks at 5% .her total intrest is $1690. how much was invested in stocks?
help please.

drwls · Answer

Let X be the amount invested in bonds X - 8000 is invested in stocks. Interest earned (per year) is 1690 = .06X + .05 (X-8000) = 0.11X - 400 Solve for X, then subtract 8000 from that (for stocks).

angie13 · Answer

Thank you