SOLUTION: Kevin has half of his investments in stock paying a 6% dividend and the other half in a stock paying 12% interest. If his total annual interest is $630, how much does he have inves
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Question 905183: Kevin has half of his investments in stock paying a 6% dividend and the other half in a stock paying 12% interest. If his total annual interest is $630, how much does he have invested?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
.60x+.12x=630
.72x=630
x=630/.72=875
2*875-1750
.6*875+.12*875=630
525+105=630
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