document.write( "Question 1109515: Two bond funds pay interest at rates that differ by 4%. Money invested for one year in the first fund earns $450 interest. The same amount invested in the other fund earns $650. Find the lower rate of interest.
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Algebra.Com's Answer #724508 by Boreal(15235) $\"\"$ $\"About$

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Same amount of money with a 4% interest rate difference earns $200 more. If 4% more makes $200 more, then the amount is $5000, $200/.04.
\n" ); document.write( "The first fund is $5000@9% to get $450 interest
\n" ); document.write( "The second fund is $5000@13% to get $650 interest
\n" ); document.write( "lower rate of interest is 9%\r
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