document.write( "Question 153650: Please help me solve: Susan Marciano invested part of her $18,000 bonus in a fund that paid an 8% profit and invested the rest in stock that suffered a 3% loss. Find the amount of each investment if her overall net profit was $780.
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document.write( "They want to know: The amount invested at 8% is:
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document.write( "and the amount invested in stock is: \n" );
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Algebra.Com's Answer #113095 by orca(409)![]() ![]() ![]() You can put this solution on YOUR website! Let x be the amount invested in funds that earned 8%. \n" ); document.write( "Then the amount invested in stock that suffered 3% loss is 18,000 - x. \n" ); document.write( "The profit from investment in funds is 8%x \n" ); document.write( "The loss from investment in stock is 3%(18,000 - x). \n" ); document.write( "The net profit is 8%x - 3%(18,000 - x). \n" ); document.write( "As the net profit given in the problem is $780, we have: \n" ); document.write( "8%x - 3%(18,000 - x) = 780 \n" ); document.write( "Solving for x, we have: \n" ); document.write( "8x - 3(18,000 - x) = 78000 (multiply both sides by 100) \n" ); document.write( "8x - 54000 + 3x = 78000 \n" ); document.write( "11x = 132000 \n" ); document.write( "x = 132000/11 \n" ); document.write( "x = 12,000 \n" ); document.write( "So \n" ); document.write( "the amount invested in funds that earned 8% is 12,000. \n" ); document.write( "the amount invested in stock that suffered 3% loss is 18,000 - x = 18000 - 12000 = 6,000. \n" ); document.write( " \n" ); document.write( " |