document.write( "Question 172780: A broker invested $13,000 in two different stocks. One earned dividends at a rate of 8% and the other at 7%. If a dividend of $1370 was earned on both stocks, how much was invested at each rate?
\n" ); document.write( "I set up the equation as follows:
\n" ); document.write( " Quantity(amount Invested)::
\n" ); document.write( "StockA = A
\n" ); document.write( "StockB = $13000 – A
\n" ); document.write( "Value(Interest rate):
\n" ); document.write( " StockA = 0.08
\n" ); document.write( " StockB = 0.07
\n" ); document.write( "Quantity * Value:
\n" ); document.write( "StockA = .08A
\n" ); document.write( "StockB = 0.07($13000 – A)= 910 -.07A [WHERE DID YOU GET THE 910 TERM?????]
\n" ); document.write( "Therefore:
\n" ); document.write( "0.08A + 910 – 0.07A = $1370
\n" ); document.write( "910 + 0.01A = $13000 = $1370
\n" ); document.write( "0.01A = $460
\n" ); document.write( "A = $46,000 ???? \r
\n" ); document.write( "\n" ); document.write( "Here is where I am lost because the broker only had $13,000 to invest. $46,000 > $13,000. What’s wrong???
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Algebra.Com's Answer #127620 by vleith(2983)\"\" \"About 
You can put this solution on YOUR website!
I am guessing that there must be some missing info (like maybe investing for more than a single year).\r
\n" ); document.write( "\n" ); document.write( "It \"doesn't work\" because given the numbers you have - \"you can't get there from here\".\r
\n" ); document.write( "\n" ); document.write( "Let's say the broker put the entire amount at 8% for a year. In that case, the interest is 13000*08 = 1040. Which is less than the value the problem stated was returned.\r
\n" ); document.write( "\n" ); document.write( "The math does not lie. The reason 46000>13000 is because the math, as provided, doesn't \"work\".\r
\n" ); document.write( "\n" ); document.write( "When you get an answer that doesn't make sense, like 5 = 7 or somesuch, then that means \"you can't do whatever was being suggested could be done\".\r
\n" ); document.write( "\n" ); document.write( "The fact that you were aware enough to realize that the answer is not 46000 and -33000 shows you are on the right track mathematically. Good for you!
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