SOLUTION: Dr.
Blumen invested $5000. Part of it was invested in bonds at a rate of 6%
and the rest was invested in a money market at a rate of 7.5%. if the
annual interest is $330, how mu
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Blumen invested $5000. Part of it was invested in bonds at a rate of 6%
and the rest was invested in a money market at a rate of 7.5%. if the
annual interest is $330, how mu
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Question 328307: Dr.
Blumen invested $5000. Part of it was invested in bonds at a rate of 6%
and the rest was invested in a money market at a rate of 7.5%. if the
annual interest is $330, how much did she invest in bonds? Answer by mananth(16949) (Show Source):
You can put this solution on YOUR website! Blumen invested $5000.
bonds at a rate of 6% --- let amount be x
money market at a rate of 7.5%. amount will be 5000-x
annual interest is $330,
..
0.06x+0.075(5000-x)=330
0.06x+375-0.075x=330
-0.015x = -375+330
-0.015x=-45
x=-45/-0.015
x= $3000 in bonds
