SOLUTION: Kevin has half of his investments in stock paying a 6% dividend and the other half in a stock paying 12% interest. If his total annual interest is $630, how much does he have inves

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Kevin has half of his investments in stock paying a 6% dividend and the other half in a stock paying 12% interest. If his total annual interest is $630, how much does he have inves      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 905183: Kevin has half of his investments in stock paying a 6% dividend and the other half in a stock paying 12% interest. If his total annual interest is $630, how much does he have invested?
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
.60x+.12x=630
.72x=630
x=630/.72=875
2*875-1750
.6*875+.12*875=630
525+105=630