SOLUTION: Matt invested $2000 in stocks and bonds. This year the bonds paid 8% interest and the stocks paid 6% in dividends. Matt received a total of $144 in interest and dividends. Write an
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Question 1056454: Matt invested $2000 in stocks and bonds. This year the bonds paid 8% interest and the stocks paid 6% in dividends. Matt received a total of $144 in interest and dividends. Write and solve a system of equations to find how much money was invested in bonds and how much was invested in stocks Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = amount invested in bonds = amount invested in stocks
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and
$1,200 was invested in bonds
$800 was invested in stocks
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check:
OK
