SOLUTION: I invested $2000 more in stocks paying 11% than in an account payomg 6%. If my average interest rate was 9 1/2%, how much did I invest in all?

Question 304947: I invested $2000 more in stocks paying 11% than in an account payomg 6%. If my average interest rate was 9 1/2%, how much did I invest in all?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
The average interest rate is:
(interest income from 11% account + interest income from 6% account)/(total amount invested in both) = 9.5%
Let = amount invested @ 6%
Then = amount invested @ 11%

and

You invested $5000 in all
check:

OK
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