This solves Three Equations and Three Unknowns!
Enter the Numbers - Click the Button!
Four Equations and Four Unknowns!
Example Finance Problem:
Mrs. Johnson would like to invest her savings = $20,500
in government Bonds paying 5.5%
and Stocks which are expected to pay 8%
If she would like to get an income from her
investment of $120 per month,
How much should she invest in Stocks
and how much should she invest in Bonds?
Let X = Amount to invest in Bonds
Let y = Amount to invest in Stocks
=> X + Y = 20500 = Total Amount Invested
Also => .055*X + .08*Y = 120*12 = 1440 = Yearly Income
Type these numbers into the Two Equations above!
X = $8,000 = Bonds
Y = $12,500 = Stocks