Results 1 to 2 of 2

Math Help - Stocks & Bonds.

  1. #1
    Newbie Melodare's Avatar
    Joined
    Aug 2008
    From
    NY
    Posts
    2

    Stocks & Bonds.

    A financial planner wants to invest $8000, some in stocks earning 15% annually and the rest in bonds earning 6% annually. How much should be invested at each rate to get a return of $930 annually from the two investments?


    I don't have any clue on how to do this. D: I remember vaguely, but not enough to do the problem.
    Follow Math Help Forum on Facebook and Google+

  2. #2
    A riddle wrapped in an enigma
    masters's Avatar
    Joined
    Jan 2008
    From
    Big Stone Gap, Virginia
    Posts
    2,551
    Thanks
    12
    Awards
    1
    Quote Originally Posted by Melodare View Post
    A financial planner wants to invest $8000, some in stocks earning 15% annually and the rest in bonds earning 6% annually. How much should be invested at each rate to get a return of $930 annually from the two investments?


    I don't have any clue on how to do this. D: I remember vaguely, but not enough to do the problem.
    Let x = amount to be invested at 15%

    Let 8000 - x = amount to be invested at 6%

    .15x + .06(8000 - x) = 930

    Solve for x.
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Probability of Stocks
    Posted in the Advanced Statistics Forum
    Replies: 0
    Last Post: November 28th 2011, 11:09 AM
  2. stocks integral
    Posted in the Calculus Forum
    Replies: 0
    Last Post: May 11th 2011, 01:19 PM
  3. Stocks and Bonds
    Posted in the Business Math Forum
    Replies: 2
    Last Post: March 10th 2011, 07:19 PM
  4. stocks question..
    Posted in the Calculus Forum
    Replies: 10
    Last Post: August 14th 2009, 09:21 AM
  5. stocks Question 2
    Posted in the Math Topics Forum
    Replies: 1
    Last Post: December 27th 2008, 11:12 AM

Search Tags


/mathhelpforum @mathhelpforum