Tuesday

October 21, 2014

October 21, 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

**Answer this Question**

**Related Questions**

math - things do not go quite as planned. you invested $8000, part of it in ...

algebra - you invested $8000, part of it in stock that paid 12% annual interest...

Algebra - Michael invested his savings in two investment funds. The amount he ...

mat/116 - Please help me slove this question. An investor invested a total of $3...

math - Carlos invested his savings in two investment funds. The amount he ...

algebra - an investor invested a total of 1,600 in 2 mutual funds.One fund ...

math - Aldo invested his savings in two investment funds. The $24, 000that he ...

Math - A total of $11,000 was invested. Part of the $11,000 was invested at 4% ...

Math - Salma invested her savings in two investment funds. The that she ...

Math - Laura invested her savings in two investment funds. The that she invested...