document.write( "Question 354013: Dr. Blumen invested $5000. Part of it was invested in bonds at a rate of 6% and the rest was invested in a money market at a rate of 7.5%. if the annual interest is $330, how much did she invest in bonds? \n" ); document.write( "
Algebra.Com's Answer #253045 by mananth(16949) You can put this solution on YOUR website! \n" ); document.write( "Amount invested = $5000 \n" ); document.write( "let $x be invested at 6% \n" ); document.write( "5000-x @ 7.5%\r \n" ); document.write( "\n" ); document.write( "Interest = $330 \n" ); document.write( "... \n" ); document.write( "Interest equation \n" ); document.write( "0.06x+.075(5000-x)=330 \n" ); document.write( "0.06x+375-0.075x=330 \n" ); document.write( "-0.015x=-45 \n" ); document.write( "x=-45/-0.015 \n" ); document.write( "x= $3000 at 6% \n" ); document.write( "Balance $2000 at 7.5% \n" ); document.write( "... \n" ); document.write( "C H E C K \n" ); document.write( "3000*0.06+2000*0.075 = 330 \n" ); document.write( "... \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " |