document.write( "Question 661348: Hello. I'm having a very hard time with problems like: \"A total of $15,000 is invested in two corporate bonds that pay 5% and 7% simple annual interest. The investor wants to earn $880 in interest per year from the bonds. How much should be invested in each bond?\" my mom got the answer, but she didn't do it algebraically. \n" ); document.write( "
Algebra.Com's Answer #411600 by MathTherapy(10552)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Hello. I'm having a very hard time with problems like: \"A total of $15,000 is invested in two corporate bonds that pay 5% and 7% simple annual interest. The investor wants to earn $880 in interest per year from the bonds. How much should be invested in each bond?\" my mom got the answer, but she didn't do it algebraically.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Let amount invested in 5% bonds be F \n" ); document.write( "Then amount invested in 7% bonds = 15,000 – F \n" ); document.write( "Since interest desired = 880, then: .05F + .07(15,000 – F) = 880 \n" ); document.write( ".05F + 1,050 - .07F = 880 \n" ); document.write( ".05F - .07F = 880 – 1,050 \n" ); document.write( "- .02F = - 170 \n" ); document.write( "F, or amount invested in 5% bonds = \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Amount invested in 7% bonds = 15,000 – 8,500, or $ \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Send comments and “thank-yous” to “D” at MathMadEzy@aol.com \n" ); document.write( " |