Phyllis invested \( \$ 50,000 \) in two different types of stock. The first type earned \( 10 \% \) and the second type earned \( 15 \% \). If the profit on the the \( 10 \% \) stock, how much did Phyllis invest in the \( 15 \% \) stock?
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Let's denote the amount Phyllis invested in the \( 10\% \) stock as \( x \). Therefore, the amount invested in the \( 15\% \) stock will be \( 50,000 - x \). The profit from the \( 10\% \) stock can be expressed as \( 0.1x \), while the profit from the \( 15\% \) stock is \( 0.15(50,000 - x) \). Since the profit on the \( 10\% \) stock is equal to the profit on the \( 15\% \) stock, we can set the equations equal to each other: \[ 0.1x = 0.15(50,000 - x) \] Now, let's solve for \( x \): \[ 0.1x = 7,500 - 0.15x \] \[ 0.1x + 0.15x = 7,500 \] \[ 0.25x = 7,500 \] \[ x = 30,000 \] Thus, Phyllis invested \( \$30,000 \) in the \( 10\% \) stock. Consequently, the investment in the \( 15\% \) stock would be: \[ 50,000 - 30,000 = 20,000 \] Phyllis invested \( \$20,000 \) in the \( 15\% \) stock.