SOLUTION: jameel has a total of 3500 invested in 10%, 12% and 15% bonds. he receives the same amount the interest on the 10% bonds as on the 15% bonds. interest on the 12% bonds is 1200. fin

Algebra.Com
Question 1163618: jameel has a total of 3500 invested in 10%, 12% and 15% bonds. he receives the same amount the interest on the 10% bonds as on the 15% bonds. interest on the 12% bonds is 1200. find the amount invested at each rate.
Found 4 solutions by ankor@dixie-net.com, ikleyn, greenestamps, MathTherapy:
Answer by ankor@dixie-net.com(22740)   (Show Source): You can put this solution on YOUR website!
jameel has a total of 3500 invested in 10%, 12% and 15% bonds.
a + b + c = 3500
he receives the same amount of interest on the 10% bonds as on the 15% bonds.
.10a = .15c
a = .15c/.10
a = 1.5c
:
interest on the 12% bonds is 1200.
.12b = 1200
b = 1200/.12
b = 10000
A this point we know something is wrong, the total was given as only 3500
Did you mean the total is $35000???
Answer by ikleyn(52786)   (Show Source): You can put this solution on YOUR website!
.

Wrong condition.



Answer by greenestamps(13200)   (Show Source): You can put this solution on YOUR website!


If you are going to take the time to request help on a problem, then take the time to look at your post before you post it. If you don't post it correctly, you are wasting both your time and ours.

$1200 interest on an investment at 12% means the amount invested is $10,000. But you say the total amount invested is $3500.

Clearly not possible....
Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!

jameel has a total of 3500 invested in 10%, 12% and 15% bonds. he receives the same amount the interest on the 10% bonds as on the 15% bonds. interest on the 12% bonds is 1200. find the amount invested at each rate.
NOT WORTH getting into any calculations since this is impossible! Why? $10,000 has to be invested in the 12% bond in order for it to yield $1,200.

Now, what's the total you claim Jameel invested? 

RELATED QUESTIONS


good afternoon, please help me solve this problem:

Kelly Fisher has a total of $26,000  (answered by scott8148)

Marko invested $300 000 in stocks, bonds and a savings account at the rates shown on the... (answered by richwmiller)

Marko invested $300 000 in stocks, bonds and a savings account at the rates shown on the... (answered by ankor@dixie-net.com)

Formulate but do not solve the problem.

Kelly Fisher invested a total of $20,000 in... (answered by stanbon)

Maricopa's Success scholarship fund receives a gift of $ 175000. The money is invested in  (answered by ikleyn)

Maricopa's Success scholarship fund receives a gift of $ 145000. The money is invested in  (answered by ikleyn)

An investor had a total of 25,000 put into a portfolio of stocks, bonds, and mutual... (answered by mananth)

The amount of money a broker invested in bonds was double of what she invested in a... (answered by richwmiller)

An investment firm recommends that a client invest in bonds rated​ AAA, A, and B.... (answered by ikleyn)