SOLUTION: a women invested $20,000, part in bond A at 6% interest and the rest in bond B at 7% interest. if the annual interest was 1,260 how much was invested in bond B
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Question 276836: a women invested $20,000, part in bond A at 6% interest and the rest in bond B at 7% interest. if the annual interest was 1,260 how much was invested in bond B
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Let 
represent the amount invested in Bond B. Then the amount invested in Bond A was 
.
The amount of interest earned on Bond A: )
The amount of interest earned on Bond B: 
The sum of these two interest amounts was $1260, so:
\ +\ 0.07x\ =\ 1260)
Just solve for
John
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