SOLUTION: Jessica has half of her investments in stock paying a 6% dividend and the other half in a debenturedstock paying 14% interest. If her total annual interest is $680, how much does s
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Jessica has half of her investments in stock paying a 6% dividend and the other half in a debenturedstock paying 14% interest. If her total annual interest is $680, how much does s
Log On
Question 339246: Jessica has half of her investments in stock paying a 6% dividend and the other half in a debenturedstock paying 14% interest. If her total annual interest is $680, how much does she have invested.
$ in each?
$ total? Answer by alanc(27) (Show Source):
You can put this solution on YOUR website! Let total asset be x
half of x has .06 interest
other half of x has 0.14 interest
let x = a + a
.06*a + 0.14*a = 680
a + a = x
0.2*a = 680
a = 680/0.2 = 3400
x = 2*a = 6800
she invested $6800
