SOLUTION: Emma has half of her investments in stock paying a 6% dividend and the other half in a stock paying 10% interest. If her total annual interest is 560$, how much does she have inves
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Question 960711: Emma has half of her investments in stock paying a 6% dividend and the other half in a stock paying 10% interest. If her total annual interest is 560$, how much does she have invested? (Actual answer please,been stumped on this for hours now.) Answer by lwsshak3(11628) (Show Source):
You can put this solution on YOUR website! Emma has half of her investments in stock paying a 6% dividend and the other half in a stock paying 10% interest. If her total annual interest is 560$, how much does she have invested? (Actual answer please,been stumped on this for hours now.)
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let x=amt of Emma's total investment
6%(x/2)+10%(x/2)=560
lcd:2
.06x+.10x=1120
.16x=1120
x=7000
how much does she have invested? $7000
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