SOLUTION: I would like some help with this interest problem thank you! "Jesse invested $2,000 more in stocks than in bonds. The bonds paid 7.2% interest and stocks paid 6%. The income f

Algebra ->  Finance -> SOLUTION: I would like some help with this interest problem thank you! "Jesse invested $2,000 more in stocks than in bonds. The bonds paid 7.2% interest and stocks paid 6%. The income f      Log On


   



Question 1119240: I would like some help with this interest problem thank you!
"Jesse invested $2,000 more in stocks than in bonds. The bonds paid 7.2% interest and stocks paid 6%. The income from each investment was the same. How much interest did he receive in all."

Answer by josgarithmetic(39617) About Me  (Show Source):
You can put this solution on YOUR website!
"The income from each was the same."

Bonds: p
Stocks: p+2000
Total Investment: 2p+2000


0.072p=0.06%28p%2B2000%29