SOLUTION: Jessica has half of her investments in stock paying a 5% dividend and the other half in stock paying 11%interest. If her total annual interest is $540 how much does she have invest

Question 1131502: Jessica has half of her investments in stock paying a 5% dividend and the other half in stock paying 11%interest. If her total annual interest is $540 how much does she have invested in each and total
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!

If her investments are split half and half, then the average interest percentage is the average of the two percentages, which is 8%. Then her total investment is the amount of interest divided by that percentage:

Her total investment is $6750. Again since her investments are split half and half, she invested $3375 in each stock.
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