SOLUTION: You have already invested $550 in a stock with an annual return of 11%. How much of an additional $900 should be invested at 12% and how much at 6% so that the total return on the
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: You have already invested $550 in a stock with an annual return of 11%. How much of an additional $900 should be invested at 12% and how much at 6% so that the total return on the
Log On
Question 662031: You have already invested $550 in a stock with an annual return of 11%. How much of an additional $900 should be invested at 12% and how much at 6% so that the total return on the entire $1,450 is 9%? Answer by ReadingBoosters(3246) (Show Source):