SOLUTION: A broker invested a total of $45,000 in two different stocks. One stock earned 9% per year. The other stock earned 6% per year. If $360 was earned from the investment, how much mon
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Question 438109: A broker invested a total of $45,000 in two different stocks. One stock earned 9% per year. The other stock earned 6% per year. If $360 was earned from the investment, how much money was invested in each?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
This problem is impossible to solve because even if you deposited all the money in the lower performing account, you would still have $45000X.06=$2700 interest earned. You need to switch brokers.
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