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29 May, 01:06

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.

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  1. 29 May, 01:25
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    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
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