Bob gets 18% per year from his stocks and 6% from his account. If he invested $23,000 in both combined, and?

Question: his combined annual income is $2460,how much is invested in stock and how much is invested in his account?

Answer:
X = Investment in Stocks
Y = Investment in Account

X + Y = 23000
X(0.18) + Y(0.06) = 2460

X = 23000 - Y

(23000 - Y)(0.18) + Y(0.06) = 2460
1680 = Y(0.12)
Y = $14,000 (Investment in Account)
X = $9,000 (Investment in stocks)

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x=9000
y=14000

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