SOLUTION: Susan invested part of her $29,000 bonus in a fund that paid a %20 profit and invested the rest in stack that suffered a %3 loss. Find the amount of each investment if her overall

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Question 942725: Susan invested part of her $29,000 bonus in a fund that paid a %20 profit and invested the rest in stack that suffered a %3 loss. Find the amount of each investment if her overall net profit was $1860
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +x+ = amount invested in the fund
+29000+-+x+ = amount invested in stock
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+.2x+-+.03%2A%28+29000+-+x+%29+=+1860+
+.2x+-+870+%2B+.03x+=+1860+
+.23x+=+2730+
+x+=+11869.56+
+29000+-+11869.56+=+17130.43+
$11,869.56 was invested in the fund
$17,130.43 was invested in stock
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check:
+.2x+-+.03%2A%28+29000+-+x+%29+=+1860+
+.2%2A11869.56+-+.03%2A17130.43+=+1860+
+2373.91+-+513.91+=+1860+
+1860+=+1860+
OK