SOLUTION: Stu has twice as much money invested in stocks as in bonds. Stocks earned 8% interest per year and bonds 2% per year. If Stu earned a total of $400 dollars from his stocks and bond
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Question 62370: Stu has twice as much money invested in stocks as in bonds. Stocks earned 8% interest per year and bonds 2% per year. If Stu earned a total of $400 dollars from his stocks and bonds last year how much money did he have invested in stocks? Answer by checkley71(8403) (Show Source):
You can put this solution on YOUR website! 2B*.08+.02*B=400
.16B+.02B=400
.18B=400
B=400/.18
B=$2222.22 INVESTED IN BONDS
THEREFORE IF HE INVESTED TWICE AS MUCH IN STOCKS THEN
2*2222.22=$4444.44 INVESTED IN STOCKS.
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