Suppose you invest $3,800 in stocks and bonds paying 5% and 4%, respectively. The interest from both investments after one year is $162.?

Suppose you invest $3,800 in stocks and bonds paying 5% and 4%, respectively. The interest from both investments after one year is $162. For the following problems, use x for the amount invested in stocks and y for the amount invested in bonds.

a) Write a mathematical expression for the total amount of money invested.

Answer:

b) Write a mathematical expression for the total interest earned.

Answer:

c) How much money was invested in stocks?

2 Answers

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  • 3 weeks ago

    a) x + y = 3800

    b) 5x + 4y = 16200

    c) 4x + 4y = 15200

    x = $1,000

    FYI, stocks pay dividends, not interest.

  • 3 weeks ago

    he won’t refund me he completely refuses

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