document.write( "Question 123698This question is from textbook Algebra: structure and method: Book 1
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document.write( ": I invested $2000 more in stocks than in bonds. The bonds paid 7.2% interest and stock paid 6%, yet the income from each was the same. How much annual interest did she recieve? PLEASE HELP!!!!!!!! The answer is 1440, but I do not know how to get there. I also need to make a principle x rate = interest chart, so if you could also give me the info, that would be great. \n" );
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Algebra.Com's Answer #90753 by checkley71(8403)![]() ![]() ![]() You can put this solution on YOUR website! .072X=.06(X+2000) \n" ); document.write( ".072X=.06X+120 \n" ); document.write( ".072X-.06X=120 \n" ); document.write( ".012X=120 \n" ); document.write( "X=120/.012 \n" ); document.write( "X=$10,000 AMOUNT INVESTED @ 7.2% \n" ); document.write( ".072*10,000=$720 INTEREST FOR THE 7.2% INVESTMENT. \n" ); document.write( ".06(10,000+2,000)=.06*12,000=$720 INTEREST FOR THE 6% INTEREST. \n" ); document.write( "720+720=$1,440 TOTAL INTEREST. \n" ); document.write( " |