SOLUTION: Edna Britten's income from two stocks each year totals $280. Stock A pays dividends at the rate of 5% and stock B at the rate of 6%. If she has invested a total of $5000, how much

Algebra ->  Coordinate Systems and Linear Equations -> SOLUTION: Edna Britten's income from two stocks each year totals $280. Stock A pays dividends at the rate of 5% and stock B at the rate of 6%. If she has invested a total of $5000, how much      Log On


   



Question 112582: Edna Britten's income from two stocks each year totals $280. Stock A pays dividends at the rate of 5% and stock B at the rate of 6%. If she has invested a total of $5000, how much is invested in each stock?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
.05x+%2B+.06%285000+-+x%29+=+280
.05x+%2B+300+-+.06x+=+280
-+.01x+=+-+20
x+=+20+%2F+.01
x+=+2000 invested @ 5%
5000+-+x+=+3000 invested @ 6%