SOLUTION: A financial advisor advises Jennifer to invest her money equally in stocks and bonds. If the return on bonds is 4.5% and the return on the stocks is anticipated to be 7%, how much

Question 1121432: A financial advisor advises Jennifer to invest her money equally in stocks and bonds. If the return on bonds is 4.5% and the return on the stocks is anticipated to be 7%, how much should she invest in each type of investment to make $2530 each year?
Answer by ikleyn(52798) (Show Source): You can put this solution on YOUR website!
.

Let x be an amount she invests in each fund.


Then your equation is


    interest + interest = total interest,   or


    0.045x   + 0.07x    = 2530  dollars


    0.115x = 2530


    x =  = 22000.


Answer.  Each investment should be $22000.

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