You have already invested $500 in a stock with an annual return of 11%. How much of an additional $800 should be invested at 12% and how much at 6% so that the total return on the entire $1,300 is 9%? (Round each answer to the nearest cent.)

Question

anonymous · Answer

$$
500(0.11) + x(0.12)+(800-x)(0.06)=1300(0.09)
$$

goformit100 · Answer

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