SOLUTION: Beatrice Roberts receives $375 per year from a $6000 investment in stocks and bonds. The bonds pay 10% investment and the stock pay 5% in dividends. How much is invested in stocks?
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Question 884519: Beatrice Roberts receives $375 per year from a $6000 investment in stocks and bonds. The bonds pay 10% investment and the stock pay 5% in dividends. How much is invested in stocks? Answer by lwsshak3(11628) (Show Source):
You can put this solution on YOUR website! Beatrice Roberts receives $375 per year from a $6000 investment in stocks and bonds. The bonds pay 10% investment and the stock pay 5% in dividends. How much is invested in stocks?
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let x=amt invested in stocks
6000-x=amt invested in bonds
5%x+10%(6000-x)=375
.05x+600-.10x=375
.05x=225
x=4500
How much is invested in stocks? $4500
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