SOLUTION: Susan Marciano invested part of her $15,000 bonus in a fund that paid an 11% profit and invested the rest in stock that suffered a 5% loss. find the amount of each investment in he
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Question 1065676: Susan Marciano invested part of her $15,000 bonus in a fund that paid an 11% profit and invested the rest in stock that suffered a 5% loss. find the amount of each investment in her overall net profit was $850 Answer by jorel1380(3719) (Show Source):
You can put this solution on YOUR website! Let n be the amount Susan invested at 11% profit. Then:
.11n-.05(15000-n)=850
.16n-750=850
.16n=1600
n=10000
She invested $10000 which paid 11%, and $5000 which lost 5%. ☺☺☺☺
