Lux Investing
Bruce invested in stock paying a 10 1/2% dividend.?
Bruce invested in stock paying a 10.5% dividend. Maya invested $4000 more than Bruce in tax-free bonds paying 7.5% annual simple interest. If maya's income from her investment is $75 more than Bruce's income from his, how much did each invest?
Public Comments
- 0.075(B + $4,000) = 0.105B + $75 0.075B + $300 = 0.105B + $75 0.03B = $225 B = $7,500 M = $11,500
