document.write( "Question 902165: Two bond funds pay interest at rates that differ by 4%. Money invested for one year in the first fund earns $440 interest. The same amount invested in the other fund earns $660. Find the lower rate of interest. \n" ); document.write( "
Algebra.Com's Answer #547140 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! a*x=440 \n" ); document.write( "b*x=660 \n" ); document.write( "b=a+4\r \n" ); document.write( "\n" ); document.write( "a*x=440 \n" ); document.write( "(a+4)*x=660 \n" ); document.write( "a*x+4x=660 \n" ); document.write( "440+4x=660 \n" ); document.write( "4x=220 \n" ); document.write( "x=55 \n" ); document.write( "55a=440 \n" ); document.write( "a=440/55 \n" ); document.write( "a=8% \n" ); document.write( "b=12%\r \n" ); document.write( "\n" ); document.write( "8% is lower\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |