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)![]() ![]() You can put this solution on YOUR website! \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( " \n" ); document.write( " \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( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |