document.write( "Question 203420: Deon Brown purchases a municiple bond for $2000. The bond earns an annual simple interest rate of 6.4%. How much must Deon invest in an account theat earns 8% annual simple interest so that both investments will earn the same amount of interst in a year? \n" ); document.write( "
Algebra.Com's Answer #153524 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! .08/2000:.064/x \n" ); document.write( ".08x=128 \n" ); document.write( "x=1600 \n" ); document.write( "$1600 at 8% = $128 interest \n" ); document.write( "$2000 at 6.4% = $128 interest \n" ); document.write( " |