document.write( "Question 60023This question is from textbook Algebra Structure and Method Book 1
\n" ); document.write( ": Jesse invested $2000 more in stocks than in bonds. The bonds paid 7.2% interest and the stocks paid 6%. The income from each investment was the same. How much interest did he recieve in all? \n" ); document.write( "

Algebra.Com's Answer #41226 by uma(370) $\"\"$ $\"About$

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Let jessie invest x$ in stocks.
\n" ); document.write( "Then amount invested in bonds = (x+2000)$\r
\n" ); document.write( "\n" ); document.write( "Interest from stocks = x(0.072)$
\n" ); document.write( "Interest from bonds = (x+2000)(0.06)\r
\n" ); document.write( "\n" ); document.write( "AS the income from both the investments are the same,
\n" ); document.write( "x(0.072) = (x+2000)(0.06)
\n" ); document.write( "==> 0.072x = 0.06x + 2000*(0.06)
\n" ); document.write( "==> 0.072x = 0.06x + 120
\n" ); document.write( "==> 0.072x - 0.06x = 120
\n" ); document.write( "==> 0.012x = 120
\n" ); document.write( "==> 0.012x/0.012 = 120/0.012
\n" ); document.write( "==> x = 10000$\r
\n" ); document.write( "\n" ); document.write( "So the investment in stocks = 10,000 $
\n" ); document.write( "Interest from this = 10,000(0.072)
\n" ); document.write( " = $720
\n" ); document.write( "As the other interest is also $720,
\n" ); document.write( "Total interest she received = $720 + $720
\n" ); document.write( " = $1440\r
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\n" ); document.write( "\n" ); document.write( "Good Luck!!! \n" ); document.write( "

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