SOLUTION: Susan Marciano invested part of her $23,000 bonus in a fund that paid a 9% profit and invested the rest in stock that suffered a 5% loss. Find the amount of each investment if her

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Susan Marciano invested part of her $23,000 bonus in a fund that paid a 9% profit and invested the rest in stock that suffered a 5% loss. Find the amount of each investment if her      Log On

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Question 1106893: Susan Marciano invested part of her $23,000 bonus in a fund that paid a 9% profit and invested the rest in stock that suffered a 5% loss. Find the amount of each investment if her overall net profit was $1,230.
Answer by ikleyn(52754) About Me  (Show Source):
You can put this solution on YOUR website!
.
interest - loss           = total interest


0.09*x   - 0.05*(23000-x) = 1230     dollars


0.09x - 1150 + 0.05x      = 1230


0.14x = 1230 + 1150 = 2380  ====>  x = 2380%2F0.14 = 17000.


Answer.  $17000 was invested at 9%.  The rest  23000-17000 = 6000 dollars was invested in stock that suffered the 5% loss.