Molly Invested $50,000 in various stocks and bonds. She earned 15% on the bonds and 18% on the stocks. If Molly’s total profit on both types of investment was $8,700, how much of the $50,000 did she invest bonds?
Molly Invested $50,000 in various stocks and bonds. She earned 15% on the bonds and 18% on the stocks. If Molly’s total profit on both types of investment was $8,700, how much of the $50,000 did she invest bonds?
So molly invested 40000x 18%=)7200+
10000×15%=1500.7200+1500=8700