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15 August, 12:51

you invested $12000 part of it in stock that paid 14% annual interest. however, the rest of the money suffered a 6% loss. if the total annual income from both investments was $680, how much was invested at each rate?

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  1. 15 August, 13:12
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    Total investment = 12,000

    Let x be invested in Stock at a return of 14%

    The rest (12,000-x) invested at a loss of 6%

    0.14*x - 0.06 * (12,000-x) = 680

    0.14x - 720 + 0.06x = 680

    0.2x = 1400

    x = 7000

    So $7,000 was invested at a rate of 6% and $5,000 (12000-7000) was invested at a loss of 6%
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