SOLUTION: Suppose you invest $3,300 in stocks and bonds paying 3% and 2%, respectively. The interest from both investments after one year is $79. For the following problems, use x for the am

Algebra ->  Finance -> SOLUTION: Suppose you invest $3,300 in stocks and bonds paying 3% and 2%, respectively. The interest from both investments after one year is $79. For the following problems, use x for the am      Log On


   

Question 1094515: Suppose you invest $3,300 in stocks and bonds paying 3% and 2%, respectively. The interest from both investments after one year is $79. For the following problems, use x for the amount invested in stocks and y for the amount invested in bonds.
i dont know what questions like this is suppose to mean and how to set them up. could you please explain how to?
Answer by ikleyn(52781) About Me  (Show Source):
You can put this solution on YOUR website!
.
Read the lesson
    - Using systems of equations to solve problems on investment
in this site and find there full explanations and solutions of similar problems.


Also,  you have this free of charge online textbook in ALGEBRA-I in this site
    - ALGEBRA-I - YOUR ONLINE TEXTBOOK.

The referred lessons are the part of this online textbook under the topic "Systems of two linear equations in two unknowns".


Save the link to this online textbook together with its description

Free of charge online textbook in ALGEBRA-I
https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson

to your archive and use it when it is needed.