Susan invested part of her $21,000 bonus in a fund that paid an 11% profit and invested the rest in stock that suffered a 4% loss. Find the amount of each investment if her overall net profit was $1,560.
The amount invested at 11% is $____
The Amount Invested in Stock is $___

Question

Susan invested part of her $21,000 bonus in a fund that paid an 11% profit and invested the rest in stock that suffered a 4% loss. Find the amount of each investment if her overall net profit was $1,560.
The amount invested at 11% is $____
The Amount Invested in Stock is $___

jack1 · Answer

x + y = 21000
0.11x - 0.04y = 1,560

simultaneous equations, solve for x and y