SOLUTION: Please help me solve this word problem. World problems are not my strongest point.
Herman invested $9,000.00 in mutual funds and bonds. The mutual fund earned 11% simple interes
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Herman invested $9,000.00 in mutual funds and bonds. The mutual fund earned 11% simple interes
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Question 222522: Please help me solve this word problem. World problems are not my strongest point.
Herman invested $9,000.00 in mutual funds and bonds. The mutual fund earned 11% simple interest. The bonds earned 6% simple interest. At the end of one year, he had earned $815.00 in interest. How much had he invested at each rate? Answer by rfer(16322) (Show Source):
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