SOLUTION: Could someone please help me soldve this question, I am really trying to assistanace my daughter in her Algebra. Thanks. Anthony invested part of his $12,000 inheritance in a b

Question 214074: Could someone please help me soldve this question, I am really trying to assistanace my daughter in her Algebra. Thanks.
Anthony invested part of his $12,000 inheritance in a bond paying 9% and the other part in savings account paying 6%. If his interest from the two investments was $930 in the first year, how much did he have invested at each rate?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = dollars invested in bond
Then will equal dollars invested in savings
given:
Interest earned from bond =
Interest earned from savings =

-----------------------------------
Solve the equation for

Subtract from both sides

and

Anthony invested $7,000 in the bond and $5,000 in savings
check the answer:

OK

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