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 #152938 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! 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? \n" ); document.write( "-------------------------- \n" ); document.write( "Equation: \n" ); document.write( "interest + interest = interest\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "0.04(500) + r(500) = 75 \n" ); document.write( "20 + 500r = 75 \n" ); document.write( "500r = 55 \n" ); document.write( "r = 55/500 \n" ); document.write( "r = 0.11 \n" ); document.write( "The rate you want is 11% \n" ); document.write( "================================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "===================================== \n" ); document.write( "Here are the answers I have to choose from: \n" ); document.write( "11% \n" ); document.write( "10.5% \n" ); document.write( "3.5% \n" ); document.write( "12% \n" ); document.write( " \n" ); document.write( " |