SOLUTION: You have already invested $300 in a stock with an annual return of 11%. How much of an additional $1,100 should be invested at 12% and how much at 6% so that the total return on th
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-> SOLUTION: You have already invested $300 in a stock with an annual return of 11%. How much of an additional $1,100 should be invested at 12% and how much at 6% so that the total return on th
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Question 1052449: You have already invested $300 in a stock with an annual return of 11%. How much of an additional $1,100 should be invested at 12% and how much at 6% so that the total return on the entire $1,400 is 9%? Answer by ikleyn(52790) (Show Source):
