College algebra

Things did not go quite as planned. you invested $8,000, part of it in a stock that payed 12% annual interest. However the rest of the money suffered a 5% loss. If the total annual income for both investments was $620.

  1. 👍 0
  2. 👎 0
  3. 👁 236
asked by Kat

  1. If $x is invested at 12%, then

    .12x - .05(18000-x) = 620

    1. 👍 0
    2. 👎 0
    posted by Steve

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    things do not go quite as planned. you invested $8000, part of it in stock that paid 12% annual interest. however, the rest of the money suffered a 55 loss. if the total annual income from both investments was $620, how much was

    asked by ximena on October 21, 2010

  2. algebra

    Janet invested $23,000, part at 6% and part at 17%. If the total interest at the end of the year is $2,260, how much did she invest at 6%? Let x be the amount invested at 6% Then 23,000 - x is invested at 17%. 0.06 x + 0.17

    asked by veronica on June 5, 2007

  3. federal tax

    As part of their divorce agreement, Harry transfers to Mary, his former spouse, GM stock with a market value of $30,000. Harry had $20,000 invested in the stock. How does this transfer affect Harry, and what is Mary's basis in the

    asked by Uma on October 3, 2018

  4. algebra

    two investments were made totaling $15,000. for a certain year these investments yielded $1432 in simple interest. part of the $15,000 was invested at 9% and part at 10%. find the amount invested at each rate. a total of $1150 was

    asked by matt on November 1, 2010

  5. Math Help Please

    Bob invested $30,000, part at 10% and part at 1%. If the total interest at the end of the year is $1,560, how much did he invest at 10%? Let x be the amount invested at 10%. Then, 30,000-x is invested at 1% 0.1 x + 0.01 (30,000 -

    asked by Carol on June 24, 2007

  6. Math

    A total of $11,000 was invested. Part of the $11,000 was invested at 4% and the rest invested at 7%. If the investments earn $680 per year, how much was invested at each rate?

    asked by Angela on December 10, 2010

  7. MATH

    Sam invested part of his 36,000 bonus in a fund that paid an 8% profit and invested the rest in stock that suffered a 5% loss find the amount of each investment if his overall net profit was 2,750

    asked by MIKE on March 26, 2015

  8. math

    please explain: 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.

    asked by micah on February 7, 2012

  9. math

    if $9,000 is to be invested, part at 13% and the rest at 8% simple interest , how much should be invested at each rate so that the total annual return will be the same as $9,000 invested at 9% set up as a system of linear equation

    asked by jota on May 6, 2012

  10. Algebra

    Larry invested a total of $5000 in three stocks during the first year the first stock increasing value by 8% the second stock increase by 6% and the third stock increase by 1% in the first year he earn a profit $310 if Larry

    asked by Lupe on September 15, 2015

More Similar Questions