× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
e
5
e
4
4
d
4
o
3
p
3
t
3
3
m
3
p
3
m
3
f
3
New Topic  
presidente presidente
wrote...
Posts: 32
Rep: 0 0
5 years ago
A person invested $5,200, part in bonds bearing 5.9% interest and the remainder in bonds bearing 7.6% interest. Both investments paid the same amount after the same period of time. How much, to the nearest dollar, was invested in each?
Read 192 times
1 Reply

Related Topics

Replies
wrote...
5 years ago
Let n be the amount invested at 7.6%. Then:
.076n=.059(5200-n)

.017n=306.8
n=1804.70
$1804.70 was invested at 7.6%; $3395.30 was invested at 5.9%.

link is given below. hope this helps
Source  https://www.algebra.com/algebra/homework/word/finance/Money_Word_Problems.faq.question.1056635.html
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  958 People Browsing
 116 Signed Up Today
Related Images
  
 303
  
 283
  
 250
Your Opinion