SOLUTION: Sam invested $20,000 in stocks and bonds. The stocks paid 3% annual return and the bonds paid 5% annual return. If the return on the stocks was $40 more than the return on the bond
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Question 272180: Sam invested $20,000 in stocks and bonds. The stocks paid 3% annual return and the bonds paid 5% annual return. If the return on the stocks was $40 more than the return on the bonds, find the amount he invested in each.
Let= statement and formula please. Thank You. Answer by scott8148(6628) (Show Source):
