SOLUTION: MAGGIE WON $10,000 IN A BAKING CONTEST AND DECIDED TO INVEST HER WINNINGS IN STOCKS AND BONDS, WHERE STOCKS YIELDED 8% AND BONDS YIELDED 6% ANNUAL INTEREST. IF THE TOTAL INTEREST
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-> SOLUTION: MAGGIE WON $10,000 IN A BAKING CONTEST AND DECIDED TO INVEST HER WINNINGS IN STOCKS AND BONDS, WHERE STOCKS YIELDED 8% AND BONDS YIELDED 6% ANNUAL INTEREST. IF THE TOTAL INTEREST
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Question 1109329: MAGGIE WON $10,000 IN A BAKING CONTEST AND DECIDED TO INVEST HER WINNINGS IN STOCKS AND BONDS, WHERE STOCKS YIELDED 8% AND BONDS YIELDED 6% ANNUAL INTEREST. IF THE TOTAL INTEREST SHE EARNED AT THE END OF ONE YEAR WAS $720, HOW MUCH DID SHE INVEST IN EACH? Answer by ikleyn(52858) (Show Source):
