Mr. Lee invested some money. Lost 4% in a stock and gained 3.2% in a bond. Overall he lost 11.2$. If he invested the amount in the stock to the bond vice versa, then he wouldve gained $3.2, how much is in the bond and how much is in the stock?

Question

Mr. Lee invested some money. Lost 4% in a stock and gained 3.2% in a bond. Overall he lost 11.2$. If he invested the amount in the stock to the bond vice versa, then he wouldve gained $3.2,    how much is in the bond and how much is in the stock?

I am so confused, and out of curiosity- what are stocks and bonds?

Thanks!

Damon · Answer

stock amount = s
bond amount = b

gain = -.04 s + .032 b = -11.2

gain = -.032 s + .04 b = 3.2
===============================
https://oliveramesmacrof.wordpress.com/definition-of-financial-assets-money-stocks-bonds/

Wendy · Answer

don't think your equation is right. Can't get the answer