Connor has $100,000 and wants to get an 8% return total at the end of the year. He can invest in two different stocks. One of the stocks will yield a 6% return per year and the second will yield a 8.5% return per year.
Which of the following system of equations correctly describes this situation if x represents the amount invested in the 6% stock, and y represents the amount invested in the 8.5% stock?
a) 0.6x+0.085y=0.08 (100000)
x+y=100000
b) 0.085x+0.06y=100000
x+y=0.08 (100000)
c) 0.06x+0.085y=100000
x+y=0.08 (100000)
d) 0.085x+0.06y=0.08 (100000)
x+y=100000
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Connor has $100,000 and wants to get an 8% return total at the end of the year. He can invest in two different stocks. One of the stocks ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Mathematics » Connor has $100,000 and wants to get an 8% return total at the end of the year. He can invest in two different stocks. One of the stocks will yield a 6% return per year and the second will yield a 8.5% return per year.