SOLUTION: A financial planner wants to invest $8000, some in stocks earning 15% annually and the rest in bonds earning 6% annually. How much should be invested at each rate to get a return o

SOLUTION: A financial planner wants to invest $8000, some in stocks earning 15% annually and the rest in bonds earning 6% annually. How much should be invested at each rate to get a return o

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Question 1095624: A financial planner wants to invest $8000, some in stocks earning 15% annually and the rest in bonds earning 6% annually. How much should be invested at each rate to get a return of $930 annually from the 2 investments?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
x+y=8000
.15x+.06y=930
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