SOLUTION: Yolanda invests $6,000. Some of the money is invested in stocks paying 6% a year and some in bonds paying 11% a year. She receives a total of $580 each year from these investment

Question 163011: Yolanda invests $6,000. Some of the money is invested in stocks paying 6% a year and some in bonds paying 11% a year. She receives a total of $580 each year from these investments. How much money is invested in stocks and how much money in bonds?
Answer by jojo14344(1513) (Show Source): You can put this solution on YOUR website!

Let = invt. in stocks
So, = invt. in bonds
Putting into eqn, (assuming money return-interest per year)

---------->
, money invested in stocks
, money invested in bonds
Check,

It make sense to invest in bonds because it has higher interest, right?
Thank you,
Jojo
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