document.write( "Question 1198460: Peter has half of his investments in stock paying an 8% dividend and the other half in a stock paying 15% interest. If his total annual interest is $690, how much does he have invested? \n" ); document.write( "
Algebra.Com's Answer #832056 by greenestamps(13200)\"\" \"About 
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\n" ); document.write( "If he has equal amounts returning 8% and 15%, then his average return is (8+15)/2 = 11.5%.

\n" ); document.write( "The amount of his return on his investment of $x is $690:

\n" ); document.write( "\"0.115x+=+690\"
\n" ); document.write( "\"x+=+690%2F0.115+=+6000\"

\n" ); document.write( "ANSWER: $6000

\n" ); document.write( "Formal algebra, if required....

\n" ); document.write( "x = total invested, so 0.5x returning 8% and 0.5x returning 15%:

\n" ); document.write( "\".08%28.5x%29%2B.15%28.5x%29=690\"
\n" ); document.write( "\".04x%2B.075x=690\"
\n" ); document.write( "\".115x=690\"
\n" ); document.write( "\"x=690%2F.115+=+6000\"

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