document.write( "Question 202761: I'm having trouble with this problem and I need a little help with it:\r
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document.write( "Investing $1000 in two investments yielding you a one-year return of $75. If one of the investments was a bond fund with a guranteed 4% rate of return, and you invested an equal amount in both, what was the rate of return in the second investment?
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document.write( "Here are the answers I have to choose from:
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document.write( "11%
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document.write( "10.5%
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document.write( "3.5%
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document.write( "12%
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document.write( "and I'v been trying to solve it with this formula :1000(1+r)=?
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Algebra.Com's Answer #152937 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! .04*500+500x=75 \n" ); document.write( "20+500x=75 \n" ); document.write( "500x=55 \n" ); document.write( "x=.11 or 11% \n" ); document.write( " |