5,000 ; $6 ; $11
asked Jul 6 in Word Problem Answers by anonymous

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Answer

Let B=amount invested in bonds, so the investment in money market is 5000-B.

Interest from bonds is 0.06B and in money market is 0.075(5000-B).

Total interest=337.50=0.06B+0.075(5000-B)=375+0.06B-0.075B=375-0.015B.

Therefore 0.015B=375-337.50=37.50, and B=37.50/0.015=37500/15=2500.

$2500 was invested in bonds.

CHECK: 2500@6%+2500@7.5%=150+187.50=$337.50.

If the list given is the choice of answers, then it doesn’t make sense!

answered Jul 6 by Rod Top Rated User (588,900 points)

Related questions

Welcome to MathHomeworkAnswers.org, where students, teachers and math enthusiasts can ask and answer any math question. Get help and answers to any math problem including algebra, trigonometry, geometry, calculus, trigonometry, fractions, solving expression, simplifying expressions and more. Get answers to math questions. Help is always 100% free!
81,769 questions
86,073 answers
69,559 users