SOLUTION: Sam Mathius invested part of his $10,000 bonus in a fund that paid an 11% profit and inested the rest in stock that suffered a 4% loss. Find the amount of each investment if his o

Question 41722This question is from textbook
: Sam Mathius invested part of his $10,000 bonus in a fund that paid an 11% profit and inested the rest in stock that suffered a 4% loss. Find the amount of each investment if his overall net profit was $650. This question is from textbook

Answer by Nate(3500) (Show Source): You can put this solution on YOUR website!
I am guessing this after a one year period.

$7000 went into 11% interest
$3000 went into 4% lost
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