Question

a financial planner wants to invest $8,000, in some high risk stocks earning 15% annually and the rest in safer mutual funds earning 6% annually. How much should be invested at each rate to get a return of $930 annually from the two investments

Answer 1

0.06x+0.15 (8000-x)=930
Solve for x
X=1800 at 6%

8000-1800=6,200 at 15%