Problema Solution
Susan Marciano invested part of her $32000 bonus in a fund that paid 10% profit and invested the rest in a stock that suffered a 3% loss. Find the amount of each investment in her overall net profit was $2290. Please show all work.
Answer provided by our tutors
let
x = the money invested in the fund that paid 10% profit
y = the money invested in a stock that suffered 3% loss
the total money invested was $32,000 thus
x + y = 32000
overall net profit was $2290
0.10*x - 0.03*y = 2290
by solving the system of equations
x + y = 32000
0.10*x - 0.03*y = 2290
we find
x = $25,000
y = $7,000
click here to see the step by step solution of the system of equations
Susan invested $25,000 in the fund and $7,000 in the stock.