SOLUTION: A financial manager invested 20% of a clients moneyin bonds paying 9% annual simple intrest, 35% in an 8% simple intrest account, and the renainder in 9.5% corporate bonds. Find th
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Question 116094This question is from textbook beginning algebra with applications
: A financial manager invested 20% of a clients moneyin bonds paying 9% annual simple intrest, 35% in an 8% simple intrest account, and the renainder in 9.5% corporate bonds. Find the amount invested in each if the total intrest earned is $5325. This question is from textbook beginning algebra with applications
You can put this solution on YOUR website! .2X*.09+.35X*.08+.45X*.095=5325
.018X+.028X+.04275X=5325
.08875X=5325
X=60,000 TOTAL AMOUNT INVESTED.
PROOF
.018*60,000+.028*60,000+.04275*60,000=5325
1080+1680+2565=5325
5325=5325
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