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OpenStudy (anonymous):
Solve Someone PLEASE HELP ME!! Ed's income from 2 stocks each year totals $280. Stock A pays dividends at the rate of 5% and stock B at the rate of 6%. If she has invested a total of $5000, how much is invested in each stock?
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OpenStudy (mertsj):
x= amount in Stock A 5000-x= amount in Stock B .05x= dividends from Stock A .06(5000-x)= dividends from Stock B .05x+.06(5000-x)=280
OpenStudy (mertsj):
Solve that equation.
OpenStudy (radar):
What did you get?
OpenStudy (anonymous):
A 2000 B 3000
OpenStudy (radar):
Well they do add up to $5000.
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OpenStudy (radar):
The dividends add up to $280/ Looks like a good answer. Congratulations.
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