SOLUTION: Matt invested $2000 in stocks and bonds. This year the bonds paid 8% interest and the stocks paid 6% in dividends. Matt received a total of $144 in interest and dividends. Write an

Question 1056454: Matt invested $2000 in stocks and bonds. This year the bonds paid 8% interest and the stocks paid 6% in dividends. Matt received a total of $144 in interest and dividends. Write and solve a system of equations to find how much money was invested in bonds and how much was invested in stocks
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = amount invested in bonds
= amount invested in stocks
----------------------------------------

and

$1,200 was invested in bonds
$800 was invested in stocks
-------------------------------
check:

OK

RELATED QUESTIONS
Jesse invested $2000 more in stocks than in bonds. The bonds paid 7.2% interest and the... (answered by uma)

I would like some help with this interest problem thank you! "Jesse invested $2,000... (answered by josgarithmetic)

Successful scholarship fund received a gift of $110000. The money is invested in stocks... (answered by greenestamps)

Beatrice Roberts receives $375 per year from a $6000 investment in stocks and bonds. The... (answered by lwsshak3)

You invested $10,000.00 in stocks and bonds, paying 5.3% and 8%, respectively. If the... (answered by checkley79)

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

Sam invested $20,000 in stocks and bonds. The stocks paid 3% annual return and the bonds... (answered by scott8148)

You invested $10,400.00 in stocks and bonds, paying 6.4% and 8.3%, respectively. If the... (answered by jorel1380)

I invested $2000 more in stocks than in bonds. The bonds paid 7.2% interest and stock... (answered by checkley71)