SOLUTION: Molly Pritchard invests $4000 in bonds paying 11 1/2% simple interest and $5000 in bank accounts paying 9.1% simple interest. Which investment yields more interest in one year? How
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Question 69983This question is from textbook Algebra:Structure and Method
: Molly Pritchard invests $4000 in bonds paying 11 1/2% simple interest and $5000 in bank accounts paying 9.1% simple interest. Which investment yields more interest in one year? How much more? This question is from textbook Algebra:Structure and Method
You can put this solution on YOUR website! .115*4000=460 interest from the 11.5% investment.
.091*5000=455 interest from the 9.1% investment.
thus the 11.5% gives the better interest.
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