Answered: An investor has p1,000 income from…

An investor has p1,000 income from bonds bearing 4% and 5% if the amount at 4% and 5% where interchanged he would earn p50 more per year. Find the total sum investment.

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter3: Math Models

Section3.3: Solve Mixture Applications

Problem 3.66TI: has $8,000 to save for his daughter’s college education. He wants to divide it between one account...

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An investor has p1,000 income from bonds bearing 4% and 5% if the amount at 4% and 5% where interchanged he would earn p50 more per year. Find the total sum investment.

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