SOLUTION: Bruce invested some money in the Thomas 300 fund and $3000 more than that amount in the Thomas 400 fund. For the year he was in the funds, the 300 fund paid 18% simple interest and
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Question 101036: Bruce invested some money in the Thomas 300 fund and $3000 more than that amount in the Thomas 400 fund. For the year he was in the funds, the 300 fund paid 18% simple interest and the 400 fund paid 15% simple interest. If the income for the two investments totaled $ 3750 for one year, then how much did he invest in each fund?
How do I set up the equation? Answer by scott8148(6628) (Show Source):
