SOLUTION: You were left a small inheritance from your Grandmother. Her will Stipulates that you invest 1/4 of the money in stocks 1/4 of the money in bonds, and 1/2 in in US Treasury Bills.
Algebra.Com
Question 443192: You were left a small inheritance from your Grandmother. Her will Stipulates that you invest 1/4 of the money in stocks 1/4 of the money in bonds, and 1/2 in in US Treasury Bills. Stocks pay 4% interest annually, bonds pay 8% annually , and US Treasury Bills pay 2% interest annually. If your total interest earned is $4000, how much did you inherent?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = amount inherited
given:
Multiply both sides by
You inherited $25,000
RELATED QUESTIONS
You were left a small inheritance by your Grandmother. Her will stipulates that you... (answered by graphmatics)
You were left a small inheritance by your Grandma. Her will stipulates that you invest... (answered by rwm)
suppose that you received an unexpected inheritance of $17600. you have decided to invest (answered by rfer)
Suppose you received an unexpected inheritance of 34,200. You decide to invest by placing (answered by lwsshak3)
A small company had $24,000 to invest. It invested some of the money in a bank that... (answered by checkley77)
Suppose that you received an unexpected inheritance of $36,000. You have decided to (answered by ikleyn,greenestamps)
This is Linear programming pls help me! :(
After making various presentations to... (answered by KMST)
You recently graduated and your job search brought you to Blues Airline. Since you felt... (answered by ikleyn)
A small company has $24,000 to invest. It invested some of the money in a bank that paid... (answered by Mathtut)