document.write( "Question 1111897: linda invested some money for one year in bonds that pay 8% simple interest and three times as much in preferred stock that earns 11% simple interest. if the total interest earned from the two investments was $1640, how much was invested in the bonds? \n" ); document.write( "
Algebra.Com's Answer #726925 by ikleyn(52797)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( " \r\n" ); document.write( "The basic equation is\r\n" ); document.write( "\r\n" ); document.write( "0.08*x + 0.11*(3x) = 1640 dollars.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "Solve for x, which is an amount invested in bonds at 8%.\r\n" ); document.write( "\r \n" ); document.write( "\n" ); document.write( "--------------- \n" ); document.write( "To see many other similar solved problems on investment, look into the lesson\r \n" ); document.write( "\n" ); document.write( " - Using systems of equations to solve problems on investment\r \n" ); document.write( "\n" ); document.write( "in this site.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "You will find there different approaches (using one equation or a system of two equations in two unknowns), as well as \n" ); document.write( "different methods of solution to the equations (Substitution, Elimination).\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Also, you have this free of charge online textbook in ALGEBRA-I in this site\r \n" ); document.write( "\n" ); document.write( " - ALGEBRA-I - YOUR ONLINE TEXTBOOK.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The referred lesson is the part of this online textbook under the topic \"Systems of two linear equations in two unknowns\".\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Save the link to this online textbook together with its description\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Free of charge online textbook in ALGEBRA-I \n" ); document.write( "https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "to your archive and use it when it is needed.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |