# SOLUTION: Harold invested \$30,000 in various stocks and bonds. He earned 6% on his bonds and 12% on his stocks. If Harold's total profit on both types of investments was \$2,460, how much of

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 Question 180101This question is from textbook Algebra 1 Teaching Textbook : Harold invested \$30,000 in various stocks and bonds. He earned 6% on his bonds and 12% on his stocks. If Harold's total profit on both types of investments was \$2,460, how much of the \$30,000 did he invest in bonds?This question is from textbook Algebra 1 Teaching Textbook Answer by checkley77(12569)   (Show Source): You can put this solution on YOUR website!.06b+.12(30,000-b)=2,460 .06b+3600-.12b=2460 .06b=2460-3600 -.06b=-1140 b=-1140/-.06 b=19,000 is the amount invested @ 06% in bonds. Proof: .06*19,000+.12(30,000-19,000)=2460 1140+.12*1,100=2,460 1,140+1,320=2460 2,460=2,460