document.write( "Question 1025226: Verna invested part of a $10,000 inheritance in stocks paying 6.5% simple interest annually. She invested the rest in bonds paying 4.25% simple interest annually. If Verona will receive 582.50 in interest after one year, how much did she invest in stocks? How muqch did she invest in bonds? \r
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document.write( "I don't know how to find equation. Please help! Thanks! \n" );
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Algebra.Com's Answer #640494 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Verna invested part of a $10,000 inheritance in stocks paying 6.5% simple interest annually. She invested the rest in bonds paying 4.25% simple interest annually. If Verona will receive 582.50 in interest after one year, how much did she invest in stocks? How much did she invest in bonds? \n" ); document.write( "I don't know how to find equation. Please help! Thanks! \n" ); document.write( "----------------- \n" ); document.write( "Quantity Eq:: s + f = 10,000 \n" ); document.write( "Interest Eq::6.5s + 4.25f = 58250 \n" ); document.write( "------ \n" ); document.write( "Modify:: \n" ); document.write( "650s + 650f = 650*10,000 \n" ); document.write( "650s + 425f = 5825000 \n" ); document.write( "--------------------------------- \n" ); document.write( "Subtract and solve for \"f\":: \n" ); document.write( "225f = 675000 \n" ); document.write( "--- \n" ); document.write( "f = $3000 (amt. invested at 4.25% \n" ); document.write( "s = $7000 (amt. invested at 6.5% \n" ); document.write( "--------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "---------------- \n" ); document.write( " |