Question

you inherit $10,000 with the stipulation that for the first year the money must be invested in two stocks paying 6% and 11% annual interest, respectively.how much should be invested at each rate if the total interest earned for the year is to be $700.

Answer 1

(10000-b)(.11) + b(.06) = 700

10000(.11) -b(.11) +b(.06) = 700

amount@6% = (700 - 10000(.11))/(.06-.11)

Answer 2

http://www.wolframalpha.com/input/?i=%28700+-+10000%28.11%29%29%2F%28.06-.11%29

Answer 3

and of course whats leftover is the other amount ....