- #1

Kos46

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Hello,

Could someone please help me with the problem I've typed below? It is very similar to another problem on this forum <http://mathhelpboards.com/pre-algebra-algebra-2/investment-problem-8808.html>. I've tried to solve it in a similar way (exclusion and/or substitution) but I keep getting the values \$19 916.67 (fund) and -\$6416.67 (stock) for my answer, which obviously can't be right. I would really appreciate it if someone could tell me how to solve this the right way.

Here is my problem:

Jerome invested part of his \$13,500 bonus in a fund that paid an 8% profit and

invested the rest in stock that lost 4%. What was his investment in the fund if

his overall net profit was \$1,850?

Thank you for any help at all!

Judith

Could someone please help me with the problem I've typed below? It is very similar to another problem on this forum <http://mathhelpboards.com/pre-algebra-algebra-2/investment-problem-8808.html>. I've tried to solve it in a similar way (exclusion and/or substitution) but I keep getting the values \$19 916.67 (fund) and -\$6416.67 (stock) for my answer, which obviously can't be right. I would really appreciate it if someone could tell me how to solve this the right way.

Here is my problem:

Jerome invested part of his \$13,500 bonus in a fund that paid an 8% profit and

invested the rest in stock that lost 4%. What was his investment in the fund if

his overall net profit was \$1,850?

Thank you for any help at all!

Judith

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