SOLUTION: Sonya deposited two-thirds of her end-of-the-year bonus at 5% simple interest in a certificate of deposit. She deposited one-sixth of the bonus in a savings account bearing simple
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-> SOLUTION: Sonya deposited two-thirds of her end-of-the-year bonus at 5% simple interest in a certificate of deposit. She deposited one-sixth of the bonus in a savings account bearing simple
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Question 984841: Sonya deposited two-thirds of her end-of-the-year bonus at 5% simple interest in a certificate of deposit. She deposited one-sixth of the bonus in a savings account bearing simple interest at 2%. If Sonya's total interest income was $231 for the year, how much was her bonus? I really need help
You can put this solution on YOUR website! Let = the amount of her bonus in dollars = amount deposited in 5% CD = amount deposited in 2% savings account
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Find the interest income from both deposits
Multiply both sides by
The amount of her bonus was $6,300
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