Question 274177
You inherit $10,000 with the stipulation that for the first year the money must be investedin two stocks paying 6% and 11% annual interest, respectively.
 How much should be invested at each rate if the total interest earned for the year is to be $700?
:
Here are the equations for this:
Let x = amt invested at 11%
then
(10000-x) = amt at 6%
;
.11x + .06(10000-x) = 700