Question 509164
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First I'm going to assume that you meant you inherited 10,000 dollars (as opposed to 10,000 marbles, baseball cards, or some other difficult to evaluate items).  We only have the written word with which to communicate, so PLEASE proofread your submissions.


Let *[tex \Large x] represent the amount you invest in the 6% stock.  Then *[tex \Large 10000\ -\ x] represents the amount invested in the 11% stock.  The amount of interest earned in the first year on the 6% stock (presuming simple interest) is then *[tex \Large 0.06x] and the amount earned on the 11% stock is *[tex \Large 0.11(10000\ -\ x)].  The sum of these two amounts must be $700.00, so:


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ 0.06x\ +\ 0.11(10000\ -\ x)\ =\ 700]


Solve for *[tex \Large x]  then calculate *[tex \Large 10000\ -\ x]


John
*[tex \LARGE e^{i\pi} + 1 = 0]
My calculator said it, I believe it, that settles it
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