Answer:
the amount invested in funds is $ 10,000.
the amount invested in stock is $9000
Explanation:
Let x be the total amount invested when 11% earned in funds.
when 5% loss occured , total amount is 19,000 - x.
total profit by investment = 11%x
total loss due to investment in stock is 5%(19,000 - x).
The net profit is 11%x - 5%(19,000 - x).
we know that overall net profit is $650, so we have:
11%x - 5%(19,000 - x) = 650
Solve for x, we have:
11x - 5(19,000 - x) = 65000 (multiply both sides by 100)
11x - 95000 + 5x = 65000
16x = 160000
x = 160000/16
x = 10,000
So
the amount invested in funds is 10,000.
the amount invested in stock is,
= 19,000 - x
= 19000 - 10000
= $9,000.
