SOLUTION: Deon Brown purchases a municiple bond for $2000. The bond earns an annual simple interest rate of 6.4%. How much must Deon invest in an account theat earns 8% annual simple interes
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Question 203420: Deon Brown purchases a municiple bond for $2000. The bond earns an annual simple interest rate of 6.4%. How much must Deon invest in an account theat earns 8% annual simple interest so that both investments will earn the same amount of interst in a year? Answer by rfer(16322) (Show Source):
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