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July 29, 2014

July 29, 2014

Posted by **micah** on Tuesday, February 7, 2012 at 8:38pm.

sam invested part of his $25,000 bonus in a fund that paid 8% profit and invested the rest in stock that suffered a 3% loss. Find the amount in each investment if his overall net profit was $1230.

- math -
**Anonymous**, Thursday, September 5, 2013 at 10:02pmLet Sam invested for profit = $ x

Thus other investment = $(25000 -x)

The profit = 8% of x= 0.08x

Loss = 3% of (25000-x) = 0.03(25000-x)

Thus 0.08x -0.03(25000-x) = 1230

We get x= 18,000

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