SOLUTION: Sonya deposited two-thirds of her end-of-the-year bonus at 5% simple interest in a certificate of deposit. She deposited one-sixth of the bonus in a savings account bearing simple

Question 984841: Sonya deposited two-thirds of her end-of-the-year bonus at 5% simple interest in a certificate of deposit. She deposited one-sixth of the bonus in a savings account bearing simple interest at 2%. If Sonya's total interest income was $231 for the year, how much was her bonus? I really need help

Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = the amount of her bonus in dollars
= amount deposited in 5% CD
= amount deposited in 2% savings account
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Find the interest income from both deposits

Multiply both sides by

The amount of her bonus was $6,300
----------------
check answer:

OK
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