Ms. Hardin invested $40,000 in three stocks. The first year, stock A paid 6% dividends and...

  

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Ms. Hardin invested $40,000 in three stocks. The first year, stock A paid 6% dividends and increased 3% in value; stock B paid 7% dividends and increased 4% in value; stock C paid 8% dividends and increased 2% in value. If the total dividends were$2730 and the total increase in value was $1080, how much was invested in each stock? Ms. Hardin invested $40,000 in three stocks. The first year, stock A paid 6% dividends and increased 3% in value; stock B paid 7% dividends and increased 4% in value; stock C paid 8% dividends and increased 2% in value. If the total dividends were$2730 and the total increase in value was $1080, how much was invested in each stock?

Answer rating: 100% (QA)

Lets use algebra to solve this problem Lets call the amount invested in stock A as x in stock B as y ... View the full answer