document.write( "Question 802153: A financial planner wants toinvest 8000 some in stocks earning 15% annually and the rest in bonds earning 6% annually. How much should be invested at each rate to get a return of 930$ annually from the two investments? \n" ); document.write( "

Algebra.Com's Answer #483779 by stanbon(75887) $\"\"$ $\"About$

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A financial planner wants to invest 8000 some in stocks earning 15% annually and the rest in bonds earning 6% annually.
\n" ); document.write( "How much should be invested at each rate to get a return of 930$ annually from the two investments?
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\n" ); document.write( "Equations:
\n" ); document.write( "Quantity Eq::: f + s = 8000
\n" ); document.write( "Interest Eq::: 15f +6s = 93000
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\n" ); document.write( "Modify for elimination::
\n" ); document.write( "6f + 6s = 48000
\n" ); document.write( "15f+ 6s = 93000
\n" ); document.write( "------
\n" ); document.write( "9f = 45000
\n" ); document.write( "f = $5000 (amt. invested at 15%)
\n" ); document.write( "-------
\n" ); document.write( "Solve for \"s\":
\n" ); document.write( "f + s = 8000
\n" ); document.write( "s = $3000 (amt. invested at 6%)
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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