<PRE><B>Question 486089</B>
A financial planner wants to invest $8000, some in stocks earning 15% annually and the rest in bonds earning 6% annually. How much should be invested at each rate to get a return of $930 annually from the two investments
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let x= dollar amount invested in stocks
8000-x=dollar amount invested in bonds
..
15% (x)+6% (8000-x)=930
.15x+480-.06x=930
.09x=930-480=450
x=5000
8000-x=3000
Ans:
Invest in stocks: $5000
Invest in bonds: $3000</PRE>