SOLUTION: Mr. Brittern's income from two stocks each year totals $280. Stock A pays dividends at the rate of 5% and Stock B at the rate 6%. If he has invested a total of $5000, how much capi
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Question 362864: Mr. Brittern's income from two stocks each year totals $280. Stock A pays dividends at the rate of 5% and Stock B at the rate 6%. If he has invested a total of $5000, how much capital is invested in each stock?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
0.05x+0.06(5000-x)=280
0.05x+300-0.06x=280
-0.01x=-20
x=2000
5000-x=3000
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