Question: identify the unknown quantities and define variables to represent the unknowns. Write equations that describe the information given in the statement of the problem. Solve
identify the unknown quantities and define variables to represent the unknowns.
Write equations that describe the information given in the statement of the problem.
Solve the equations and answer the problem.
Boris invests 5% of his annual income into two stocks with the help of an investment broker. At the end of the year, Boris' investment report indicates that he earned a 4% return on Stock A and a 2.5% return on Stock B, but he is not sure how much money was invested into each stock. If Boris' annual income is $50, 000 and he earned a return of $88.87, how much money did Boris invest in each stock?
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