SOLUTION: An Investment of $3000 is placed in stocks and bonds. The annual rate of return on the stocks is 4.5%, and the rate of the return on the bonds is 8%. the annual from the stocks and
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Question 142585: An Investment of $3000 is placed in stocks and bonds. The annual rate of return on the stocks is 4.5%, and the rate of the return on the bonds is 8%. the annual from the stocks and bonds is $177. Find the amount invested in bonds?
I started with .045x + (3000 - x).08 = 177 Answer by vleith(2983) (Show Source):
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