A pension fund has a total of $1 million invested in stock of the ABC company and the bonds of the DEE Corporation. The ABC stocks yields 12% in cash each year, and the DEE bonds pay 10% in cash each year. The pension fund received a total of $115,000 in cash from ABC stock and the DEE bonds last year. How much money was invested in ABC stock?
a)$750,000 b)$600,000 c)$500,000 d)$333,333.33 e)$250,000

• sorry,previous solution is wrong
  s+b=1000000----1 (1 million=1000000)
  .12s+.1b=115000----2
  solving 1 and 2,we get s=750,000 (a) is correct ans.
• 10 years agoHelpfull: Yes(19) No(0)
• s+b=100,000---1
  .12s+.1b=15,000----2 (total cash is 115,000 so,115,000-100,000=15,000)
  solving 1 & 2 then we get, s=250,000
• 10 years agoHelpfull: Yes(6) No(6)
• fund = 10,00,000
  let amount invested in A = x
  amount invested in B = 1000000-x
  interest got = 115000
  0.12x + 0.1(1000000-x) = 115000
  after solving this x = 750000
• 10 years agoHelpfull: Yes(6) No(0)
• right ans is a 750,000
• 10 years agoHelpfull: Yes(1) No(0)
• let A invested x
  then x*0.12*1+(1-x)*.1*1=0.115
  solving this eqn we get x=.75
  thus ans= (A)
• 10 years agoHelpfull: Yes(0) No(0)
• ffgdfggzdf
• 8 years agoHelpfull: Yes(0) No(1)