document.write( "Question 934846: To provide for retirement income, Teresa Puelo purchases a $7,000 bond that earns 7.5% annual simple interest. How much money does Teresa have invested in bonds that earn 9% annual simple interest if the total annual interest earned from the two investments is $885? \r
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document.write( "help me please?? \n" );
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Algebra.Com's Answer #567900 by vicgonzerx(31)![]() ![]() You can put this solution on YOUR website! IT=total interest =885 \n" ); document.write( "P1=7000 first bond principal amount \n" ); document.write( "P2=? second bond principal amount w/c is the required\r \n" ); document.write( "\n" ); document.write( "from formula \r \n" ); document.write( "\n" ); document.write( "I=Pin\r \n" ); document.write( "\n" ); document.write( "IT=P1in + P2in \n" ); document.write( "885=7000(.075)(1) +P2(.09)(1) \n" ); document.write( "P2=4000dollars is the answer \r \n" ); document.write( "\n" ); document.write( "checking I=4000(.09)(1) \n" ); document.write( "I=360 dollars \n" ); document.write( "I=(7000*.075*1) \n" ); document.write( "I=525 dollars \n" ); document.write( "IT=525+360 \n" ); document.write( "IT=885 dollars \n" ); document.write( " \n" ); document.write( " |