How much was invested in the stock?

Question

Carol invests $2500 for one year. She invests part in a bond paying 5 percent and the rest in a stock paying 3 percent. If the total interest received is $95.00, how much was invested in the bond?

how much was invested in the stock?

Answer 1

sadaa

Answer 2

Let A be the amount invested in the bond, then ($2,500 - A) must be the amt. invested in stock. Both the interest together = $95.

0.05A + 0.03(2,500 - A) = 95

0.05A + 75 - 0.03A = 95

0.02A = 20

A = 1,000

So $1,000 was invested in the bond, and $1,500 in the stock.