Web Analytics
Answered

Susan Marciano invested part of her 40,000 bonus in a fund that paid an 11% profit and invested the rest in stock that surffered a 3% loss. Find the amount of each investment if her overall net profit was $1180.

Verified Answer :

syed514

This question can be solved as follows:
11% X + (-3%) (40000-x) = $1180



.11x - 3(40000-x) = 1180

 
.11x - 1200 +.03x = 1180

 
.14x = 1180 + 1200

 
.14x = 2380

 
x= 2380/.14

x
  = 17,000

 
So, first investment was $17,000 and second was $23,000

Related Questions