document.write( "Question 550179: you invest 1200 dollars in stock and bonds the stock pays 9% interest and the bonds pay 6% interest if the total annual interest is 96 much is invested in the stock alone dollars how
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Algebra.Com's Answer #358514 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! you invest 1200 dollars in stock and bonds the stock pays 9% interest and the bonds pay 6% interest if the total annual interest is 96 much is invested in the stock alone dollars how\r \n" ); document.write( "\n" ); document.write( "------------ \n" ); document.write( "Equation: \n" ); document.write( "Quantity:: s + b = 1200 \n" ); document.write( "Interest::0.9s + 0.06b = 96 \n" ); document.write( "------ \n" ); document.write( "Multiply thru the Quantity Eq. by 90 \n" ); document.write( "Multiply thru the Interest Eq. by 100 \n" ); document.write( "---------------------------- \n" ); document.write( "90s + 90b = 90*1200 \n" ); document.write( "90s+ 6b = 9600 \n" ); document.write( "--------------------------- \n" ); document.write( "Subtract to get: \n" ); document.write( "84b = 98400 \n" ); document.write( "b = $1171.43 (amt. invested in bonds) \n" ); document.write( "--- \n" ); document.write( "Solve for \"s\": \n" ); document.write( "s + b = 1200 \n" ); document.write( "s + 1171.43 = 1200 \n" ); document.write( "s = $28.57 (amt. invested in stocks) \n" ); document.write( "======================================= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "===================== \n" ); document.write( " \n" ); document.write( " |