Answer:
$2960
Step-by-step explanation:
Lily has two times as much money invested in 8% stocks,
As she has in bonds paying 6%
Let the money invested in 8% stocks be 2x dollars,
The money in bonds paying 6% is then x dollars.
So, $2x([tex]\frac{8}{100}[/tex]) + $x([tex]\frac{6}{100}[/tex]) = $325.6
$0.16x + $0.06x = $325.6
$0.22x = $325.6
x = $1480
The money she has invested in stocks is 2x = 2 × $1480 = $2960
