12,-3 (5,-1 An investment portfolio of stocks and bonds, with an initial investment of $120,000, gained $30,800 over its life. If the stocks gained 32% and the bonds gained 16%, how much was invested in each? 19. 218710

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.5: Determinants
Problem 69E
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12,-3
(5,-1
An investment portfolio of stocks and bonds, with an initial investment of $120,000,
gained $30,800 over its life. If the stocks gained 32% and the bonds gained 16%, how
much was invested in each?
19.
218710
Transcribed Image Text:12,-3 (5,-1 An investment portfolio of stocks and bonds, with an initial investment of $120,000, gained $30,800 over its life. If the stocks gained 32% and the bonds gained 16%, how much was invested in each? 19. 218710
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