document.write( "Question 1111871: linda invested some money for one year in bonds that pay 8% simple intrest 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 #727515 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Amount @ 8.00% x \n" ); document.write( "Amount @ 11.00% 3x \n" ); document.write( " \n" ); document.write( "Total interest earned = 1640 \n" ); document.write( " \n" ); document.write( "8.00% x+ 11.00% *2x= 1640\r \n" ); document.write( "\n" ); document.write( " = 1640 \n" ); document.write( "8.00 x+ 22 x = 164000 \n" ); document.write( "30.00 x = 164000 \n" ); document.write( " x= 5466.66 Amount @ 8.00% \n" ); document.write( " \n" ); document.write( "Amount @ 11.00% = 2*5466.66 = 10933.33 \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |