Question 1049466
Some in stocks at 12%: 0.12x
The rest in bonds at 4%: 0.04(14000-x) Note: Minus x, since x is invested at 12%
:
Put it together:
0.12x+0.04(14000-x) = 1360
0.12x+560-0.04x = 1360
0.08x = 800
x = 10,000 this is the amount invested at 12%
14,000-10,000 = 4,000 is invested in bonds at 4%
>>>>>>>>>>>>>>>>>>
Check:
10,000*0.12 = 1,200
4,000*0.04 .  = 160
. . . . . . . -----------
Total . . . . 1,360 Correct
:
John