SOLUTION: Sam Mathius invested part of his 10,000 bonus in a fund that paid an 11% Profit and invested the rest in stock that suffered a 4% loss. Findthe amount of each investment if his ove

SOLUTION: Sam Mathius invested part of his 10,000 bonus in a fund that paid an 11% Profit and invested the rest in stock that suffered a 4% loss. Findthe amount of each investment if his ove

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Question 236001: Sam Mathius invested part of his 10,000 bonus in a fund that paid an 11% Profit and invested the rest in stock that suffered a 4% loss. Findthe amount of each investment if his overall net profit was $650.
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Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
.11x+.04(10000-x)=650
.11x+400-.04x=650
.07x=250
x=$3571.43 at 11%
$6428.57 at 4%
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