SOLUTION: Jennifer invested $1,000 more in Bond A than she invested in Bond B. Bond A paid 4.15%, while Bond B paid 3.9%. The total yearly interest for both investments was $229.87. How m
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Question 659733: Jennifer invested $1,000 more in Bond A than she invested in Bond B. Bond A paid 4.15%, while Bond B paid 3.9%. The total yearly interest for both investments was $229.87. How much money did Jennifer invest in Bond A? Answer by lwsshak3(11628) (Show Source):
You can put this solution on YOUR website! Jennifer invested $1,000 more in Bond A than she invested in Bond B. Bond A paid 4.15%, while Bond B paid 3.9%. The total yearly interest for both investments was $229.87. How much money did Jennifer invest in Bond A?
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let x=money Jennifer invested in Bond B
x+1000=money Jennifer invested in Bond A
..
3.9%x+4.15%(x+1000)=229.87
.039x+.0415x+41.5=229.87
.0805x=188.37
x=188.37/.0805
x=2340
x+1000=3340
money Jennifer invested in Bond A=$3340
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