Saturday, March 21, 2020

how much was invested in the stock?

Asa Soho: sadaa

Ulysses Failey: Let A be the amount invested in the bond, then ($2,500 - A) must be the amt. invested in stock. Both the interest together = $95.0.05A + 0.03(2,500 - A) = 950.05A + 75 - 0.03A = 950.02A = 20A = 1,000So $1,000 was invested in the bond, and $1,500 in the stock....Show more

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