SOLUTION: Susan maraiano invested part of her $35,000 bonus in a fund that paid a 10% profit and invested the rest in stock that suffered a 3% loss. Find the amount of each investment if her
Algebra.Com
Question 1129427: Susan maraiano invested part of her $35,000 bonus in a fund that paid a 10% profit and invested the rest in stock that suffered a 3% loss. Find the amount of each investment if her overall net profit was $2,330.
The amount invested at 10% is $ ?
The amount invested in stock is $ ?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
x in bonus that made .10x
35000-x in stock that made -0.03(35000-x)
.10x+0.3x-1050=2330
0.13x=3380
x=26000 which made $2600
35000-x=9000, which lost $270
RELATED QUESTIONS
Susan Marciano invested part of her $24000 bonus in a fund that paid 10% profit and... (answered by solver91311)
Susan Marciano part of her $30,000 bonus in a fund that paid a 10% profit and invested... (answered by richwmiller)
Susan Marciano part of her $30,000 bonus in a fund that paid a 10% profit and invested... (answered by richwmiller)
Susan Marciano invested part of her $15,000 bonus in a fund that paid an 11% profit and... (answered by jorel1380)
Susan Marciano invested part of her $33,000 bonus in a fund that paid a 11% profit and... (answered by josmiceli,addingup,MathTherapy)
Susan Marciano invested part of her $23,000 bonus in a fund that paid a 9% profit and... (answered by ikleyn)
Susan Marciano invested part of her $36,000 bonus in a fund that paid a 9% profit and... (answered by solver91311)
susan Mariano invested part of her $27000 bonus in a fund that paid an 11% profit and... (answered by checkley77)
Susan invested part of her $23,000 bonus in a fund that paid an 11% profit and invested... (answered by mananth)