# SOLUTION: I forget the steps on how to do this problem! My midterm is in a few hours, if you could help it would be much aprpeciated. You inherit \$10,000 with the stipulation that for the

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 Question 274177: I forget the steps on how to do this problem! My midterm is in a few hours, if you could help it would be much aprpeciated. You inherit \$10,000 with the stipulation that for the first year the money must be invested in two stocks paying 6% and 11% annual interest, respectively. How much should be invested at each rate if the total interest earned for the year is to be \$700?Answer by ankor@dixie-net.com(15746)   (Show Source): You can put this solution on YOUR website!You inherit \$10,000 with the stipulation that for the first year the money must be investedin two stocks paying 6% and 11% annual interest, respectively. How much should be invested at each rate if the total interest earned for the year is to be \$700? : Here are the equations for this: Let x = amt invested at 11% then (10000-x) = amt at 6% ; .11x + .06(10000-x) = 700