a+b+c = 70000
.06a + .08b + .09c = 5180
.04a + .05b + .03c = 2490
Now just solve for a,b,c
Ms. Hardin invested $70,000 in three stocks. The first year, stock A paid 6% dividends and increased 4% in value; stock B paid 8% dividends and increased 5% in value; stock C paid 9% dividends and increased 3% in value. If the total dividends were $5180 and the total increase in value was $2490, how much was invested in each stock?
1 answer