Things did not go quite as planned. You invested $20,000, part of it in a stock with a 12% annual return. However, the rest of the money suffered a 5% loss. If the total annual income from both investments was $1890, how much was invested at each rate?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter14: Sequences And Mathematical Induction
Section14.3: Another Look At Problem Solving
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Things did not go quite as planned. You invested $20,000,
part of it in a stock with a 12% annual return. However,
the rest of the money suffered a 5% loss. If the total annual
income from both investments was $1890, how much was
invested at each rate?
Transcribed Image Text:Things did not go quite as planned. You invested $20,000, part of it in a stock with a 12% annual return. However, the rest of the money suffered a 5% loss. If the total annual income from both investments was $1890, how much was invested at each rate?
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