# SOLUTION: Dr.D.Jones has a total of \$3000 invested in two stocks. Stock A pays dividends at the rate of 6% and stock B at the rate of 8%. If her dividends from the two stocks total \$220 per

Algebra ->  Algebra  -> Coordinate Systems and Linear Equations -> SOLUTION: Dr.D.Jones has a total of \$3000 invested in two stocks. Stock A pays dividends at the rate of 6% and stock B at the rate of 8%. If her dividends from the two stocks total \$220 per       Log On

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 Click here to see ALL problems on Linear Equations And Systems Word Problems Question 159683: Dr.D.Jones has a total of \$3000 invested in two stocks. Stock A pays dividends at the rate of 6% and stock B at the rate of 8%. If her dividends from the two stocks total \$220 per year, how much did she invest in each stock? ( include let statements and show work )Answer by ankor@dixie-net.com(15667)   (Show Source): You can put this solution on YOUR website!Dr.D.Jones has a total of \$3000 invested in two stocks. Stock A pays dividends at the rate of 6% and stock B at the rate of 8%. If her dividends from the two stocks total \$220 per year, how much did she invest in each stock? : Let x = amt in B stock (8%) then Let (3000-x) = amt in A stock (6%) : Write a decimal equiv interest equation: .08x + .06(3000-x) = 220 : .08x + 180 - .08x = 220 : .08x - .06x = 220 - 180 : .02x = 40 x = x = \$2000 invested in Stock B at 8% then 3000 - 2000 = \$1000 invested in Stock A at 6% : : Check solution in original interest equation .08(2000) + .06(1000) = 160 + 60 = 220