document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1073982>Question 1073982</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Two bond funds pay interest at rates that differ by 2%. Money invested for one year in the first fund earns $225 interest. The same amount invested in the second fund earns $275. Find the lower rate of interest. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #688755 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=688755\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let n be the amount invested in each of these two bond fund, and r be the lower interest rate. Then the higher interest rate would be r+.02. So:<BR>\n" );
document.write( "n(r)=225<BR>\n" );
document.write( "n(r+.02)=275<BR>\n" );
document.write( "So:<BR>\n" );
document.write( "225/r=275/r+.02<BR>\n" );
document.write( "275r=225r+4.5<BR>\n" );
document.write( "50r=4.5<BR>\n" );
document.write( "r=4.5/50=.09<BR>\n" );
document.write( "The lower interest rate is .09, or 9%;while the higher interest rate is 11%. &#9786;&#9786;&#9786;&#9786;<BR>\n" );
document.write( " </SPAN>\n" );
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