You inherit $56,000 from a wealthy grandparent, with the stipulation that for the first year, the money must be invested in two stocks paying 4% and 10% annual, respectively. How much should be invested at each rate if the total interest earned for the year is to be $3,200
+36916 .04 x + .10 (56000-x) = 3200 Solve for x , the 4% amount Then 10% amount = 56000-x
