CARL M.

asked • 03/25/13

invest $3000 more in stocks than bonds. Stocks pay 8% interest bonds 9.5% interest total interest received on both investments

Can not understand how to get answer with this formula

Total interest earned = 9.5%x+8%(x+3000)

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.