Answer:
$8000
Step-by-step explanation:
We have to x the amount invested in funds they earned, that is 11%.
Therefore, the amount invested in stocks that suffered a 3% loss is 12000 - x.
The return on investment in funds is: 0.11 * x
The loss on the stock investment is: 0.03 * (12000 - x).
The net profit is:
0.11 * x - 0.03 * (12000 - x).
Since the net profit given in the problem is $ 760, we have:
0.11 * x - 0.03 * (12000 - x) = 760
We solve for x, we have:
0.11 * x - 0.03 * (12000 - x) = 760
0.11 * x - 360 + 0.3 * x = 760
0.14 * x = 760 + 360
x = 1120 / 0.14
x = 8000
So,
the amount invested in funds that earned 11% is 8000.
the amount invested in stocks that suffered a 3% loss is 12000 - x = 12000 - 8000 = 4000.
