You inherit 70,000 from a very wealthy grandparent, with the stipulation that for the 1st yr, the money must be invested in two stocks paying 4% and 10% annual interest, respectively. How much should be invested at each rate if the total interest earned for the yr is 4,000?

40,000 invested at 4% 30,000
30,000 invested at 4% 40,000
50,000 invested at 4% 20,000
20,000 invested at 4% 50,000

Question

You inherit 70,000 from a very wealthy grandparent, with the stipulation that for the 1st yr, the money must be invested in two stocks paying 4% and 10% annual interest, respectively. How much should be invested at each rate if the total interest earned for the yr is 4,000?

40,000 invested at 4% 30,000
30,000 invested at 4% 40,000
50,000 invested at 4% 20,000
20,000 invested at 4% 50,000

anonymous · Answer

I got 50,000 one [=