SOLUTION: If $5000 is invested in a bank that pays 5% interest, how much more must be invested in bonds at 8% to earn 6% on the total investment.

SOLUTION: If $5000 is invested in a bank that pays 5% interest, how much more must be invested in bonds at 8% to earn 6% on the total investment.

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Question 210704This question is from textbook College Algebra
: If $5000 is invested in a bank that pays 5% interest, how much more must be invested in bonds at 8% to earn 6% on the total investment. This question is from textbook College Algebra

Answer by Earlsdon(6294) (Show Source): You can put this solution on YOUR website!
Let x = the additional amount to be invested in bonds at 8%.

Subtract 0.06x from both sides.
Subtract 250 from both sides.
Divide both sides by 0.02

$2500 more must be invested in bonds at 8%.
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