You invested $11,000 in stocks and bonds, paying 5% and 8% annual interest. If the total interest earned for the year was $730, how much was invested in stocks and how much was invested in bonds?

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter3: Solving Equation And Problems
Section3.7: Costs, Income, And Value Problems
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You invested $11,000 in stocks and bonds, paying 5% and
8% annual interest. If the total interest earned for the year
was $730, how much was invested in stocks and how much
was invested in bonds?
Transcribed Image Text:You invested $11,000 in stocks and bonds, paying 5% and 8% annual interest. If the total interest earned for the year was $730, how much was invested in stocks and how much was invested in bonds?
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