SOLUTION: Timmy has three times as much money invested at 5% bonds as he has in stocks paying 7%. If his annual income from the stocks and bonds is $158.40, how much has he invested in bonds

SOLUTION: Timmy has three times as much money invested at 5% bonds as he has in stocks paying 7%. If his annual income from the stocks and bonds is $158.40, how much has he invested in bonds

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Question 1032692: Timmy has three times as much money invested at 5% bonds as he has in stocks paying 7%. If his annual income from the stocks and bonds is $158.40, how much has he invested in bonds?
Answer by jorel555(1290) (Show Source): You can put this solution on YOUR website!
Let Timmy's stocks be X. Then:
.05(3x)+.07(x)=158.40
.22x=158.40
x=158.40/.22=$720
3x=$2160 invested in bonds!!!!!!
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