Question #6410161Single Choice

Algebra-1

Question

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?

Options

A
$5000 in stocks, $3000 in bonds
B
$6000 in stocks, $2000 in bonds
C
$5500 in stocks, $2500 in bonds
D
$4000 in stocks, $4000 in bonds

Answer & Analysis

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