SOLUTION: John invested $30k in various stocks & bonds. He earned 6% on his bonds and 12% on his stocks. Total profits on both investments = $2460. How much of the $30k did he invest in bo

Question 1107249: John invested $30k in various stocks & bonds. He earned 6% on his bonds
and 12% on his stocks. Total profits on both investments = $2460.
How much of the $30k did he invest in bonds???
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.
One single equation in one single unknown B = How much of the $30k did he invest in bonds

interest  +  interest      = total interest
on bonds     on stocks


0.06*B    + 0.12*(30000-B) = 2460.


Simplify and solve for B.


0.06*B + 3600 - 0.12*B = 2460

-0.06*B = 2460 - 3600 = -1140  ====>  B =  = 19000.


Answer.  $19000 was invested in bonds.

RELATED QUESTIONS
Harold invested $30,000 in various stocks and bonds. He earned 6% on his bonds and 12% on (answered by checkley77)

Harold invested $30,000 He earns 6% on bonds He earns 12% on stocks Total profit on... (answered by stanbon)

Harold invested $30,000 in various stocks and bonds. He earned 6% on his bonds and 12% on (answered by Mathtut,solver91311)

Bob earned 420 on his investment in bonds and stocks. If his bonds return 2% and his... (answered by mananth)

Erwin invested $120,000 in stocks and bonds. If he made a 20% profit on his stocks and a... (answered by Boreal)

charels invested 15000 in in stocks and bonds. he made a 12% on his stock investments and (answered by greenestamps)

john has twice as much money invested in stocks as in bonds. Stocks earn 8% interest each (answered by mananth)

Stu has twice as much money invested in stocks as in bonds. Stocks earned 8% interest per (answered by checkley71)

Please help me solve this word problem: Stu has twice as much money invested in stocks (answered by checkley77)