Melanie invested $2800 at the beginning of 2001 in two different stocks, Ramanar Corp. and Bakery Brothers. Ramanar Corp. earned 6% simple interest for the year, while Bakery Brothers earned 9%. In total, Melanie earned $213 for the year. How much was invested in each stock?

Answer rating: 100% (QA)

Lets assume Melanie invested X dollars in Ramanar Corp and 2800 X dollars in Bakery Broth... View the full answer