Problema Solution
Susan Marciano invested part of her $27,000 bonus in a fund the paid 8% profit and invested the rest in stock that suffered a 5% loss. Find the amount of each investment if her overall net profit was $2,030.
Answer provided by our tutors
The fund: x
The stock: y
The equation is
x+y = 27000
8%*x -5%*y = 2030
So
x=26000
y=1000
So
The fund: $26,000
The stock: $1,000