SOLUTION: An investor place 3/8 of his money in bonds that give 5% interest and the remainder in bonds that gives 6%. If his annual return on the bonds is 180, how mach was invested in the 6

SOLUTION: An investor place 3/8 of his money in bonds that give 5% interest and the remainder in bonds that gives 6%. If his annual return on the bonds is 180, how mach was invested in the 6

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Question 364050: An investor place 3/8 of his money in bonds that give 5% interest and the remainder in bonds that gives 6%. If his annual return on the bonds is 180, how mach was invested in the 6% bonds?
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
,
,

M = 3,200. Therefore he invested $ in the 6% investment.
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