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Can someone help me please? Erwin invested $120,000 in stocks and bonds. If he made a 20% profit on his stocks and a 5% profit on his bonds, and the combined profit was $10,500, how much did Erwin invest
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Can someone help me please?

Erwin invested $120,000 in stocks and bonds. If he made a 20% profit on his stocks and a 5% profit on his bonds, and the combined profit was $10,500, how much did Erwin invest in his stocks?

User AleksW
by
8.7k points

1 Answer

1 vote

Answer:

120,000-30,000=$90000 in bonds or $4500 profit.

Explanation:

User UModeL
by
7.2k points
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