document.write( "Question 535933: A writer received $37,000 as royalty for her book. She invested part of the money in bonds paying 6% interest annually. The rest she invested in a life insurance policy paying 11% interest annually. If the total interest from the investments after 1 year is $3520 how much did she invest in bonds? \n" ); document.write( "
Algebra.Com's Answer #352084 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Investment I 6.00% per annum ---x \n" ); document.write( "Investment II 11.00% per annum ---y \n" ); document.write( " \n" ); document.write( "x+y=37000 ------------------------1 \n" ); document.write( "6.00%x+ 11.00% y=$3,520.00 \n" ); document.write( "Multiply by 100 \n" ); document.write( "6x+11y= $352,000.00 --------2 \n" ); document.write( " \n" ); document.write( "Multiply (1) by -6 \n" ); document.write( "we get \n" ); document.write( " \n" ); document.write( "-6x-6y= -222000.00 \n" ); document.write( " \n" ); document.write( "Add this to (2) \n" ); document.write( " \n" ); document.write( "0 x+ 5y= =$130,000.00 \n" ); document.write( " \n" ); document.write( "divide by 5 \n" ); document.write( " \n" ); document.write( "y =$26,000.00 investment at 11.00% \n" ); document.write( "Balance $11,000.00 investment at 6.00%\r \n" ); document.write( "\n" ); document.write( "CHECK \n" ); document.write( "$11,000.00 --------- 6.00% ------- $660.00 \n" ); document.write( "$26,000.00 ------- 11.00% ------- $2,860.00 \n" ); document.write( "Total -------------- $3,520.00\r \n" ); document.write( "\n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " \n" ); document.write( " |