SOLUTION: Hello,
I have a question on a word problem.
A man invested his $25,000 inheritance between two stocks. One stock yeilds 5% interest while the other stock yeilds $4% interest.
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I have a question on a word problem.
A man invested his $25,000 inheritance between two stocks. One stock yeilds 5% interest while the other stock yeilds $4% interest.
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Question 467015: Hello,
I have a question on a word problem.
A man invested his $25,000 inheritance between two stocks. One stock yeilds 5% interest while the other stock yeilds $4% interest. If his total income from the two stocks was $1140.00, find the amount invested at each rate?
Thank you Answer by Earlsdon(6294) (Show Source):
You can put this solution on YOUR website! Let x = the amount invested at 5% per annum. Then, ($25,000-x) would be the remainder invested at 4% per annum.
The the sum of the incomes earned on these two amounts can be expressed as (after changing the percentages to their decimal equivalents): Simplify and solve for x. and...
$14,000 was invested @ 5% and $11,000 was invested @ 4%
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