SOLUTION: Sam Mathius invested part of his $10,000 bonus in a fund that paid an 11% profit and inested the rest in stock that suffered a 4% loss. Find the amount of each investment if his o

Algebra ->  Human-and-algebraic-language -> SOLUTION: Sam Mathius invested part of his $10,000 bonus in a fund that paid an 11% profit and inested the rest in stock that suffered a 4% loss. Find the amount of each investment if his o      Log On


   



Question 41722This question is from textbook
: Sam Mathius invested part of his $10,000 bonus in a fund that paid an 11% profit and inested the rest in stock that suffered a 4% loss. Find the amount of each investment if his overall net profit was $650. This question is from textbook

Answer by Nate(3500) About Me  (Show Source):
You can put this solution on YOUR website!
I am guessing this after a one year period.
0.11x+-+%2810000+-+x%29%280.04%29+=+650
0.11x+-+400+%2B+0.04x+=+650
0.15x+=+1050
x+=+7000
$7000 went into 11% interest
$3000 went into 4% lost