SOLUTION: Things did not go quite as planned. You invested $8000, part of it in stock that paid 12% annual interest. However, the rest of the money suffered a 5% loss. If the total annual in

SOLUTION: Things did not go quite as planned. You invested $8000, part of it in stock that paid 12% annual interest. However, the rest of the money suffered a 5% loss. If the total annual in

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Question 1050251: Things did not go quite as planned. You invested $8000, part of it in stock that paid 12% annual interest. However, the rest of the money suffered a 5% loss. If the total annual income from both investments was $620, how much was invested at each rate?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
x amount at 12%
.12x - .05(8000-x) = $620
.17x = $1020
x = $6000, amount at 12%. $2000 at 5%
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