you invested $12000 part of it in stock that paid 14% annual interest. however, the rest of the money suffered a 6% loss. if the total annual income from both investments was $680, how much was invested at each rate?

Question

Mathematics

Cailyn Frost

1 December, 04:59

you invested $12000 part of it in stock that paid 14% annual interest. however, the rest of the money suffered a 6% loss. if the total annual income from both investments was $680, how much was invested at each rate?

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Answers (1)

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Alyvia Forbes · Answer 1

Total investment = 12,000

Let x be invested in Stock at a return of 14%

The rest (12,000-x) invested at a loss of 6%

0.14*x - 0.06 * (12,000-x) = 680

0.14x - 720 + 0.06x = 680

0.2x = 1400

x = 7000

So $7,000 was invested at a rate of 6% and $5,000 (12000-7000) was invested at a loss of 6%