A total of $28,000 invested in two municipal bonds that pay 6.25% and 7.75% simple interest. The investor wants an annual interest income of $1990 from the investments. What amount should be invested in the 6.25% bond? %24 Need Help? Read It Watch It
A total of $28,000 invested in two municipal bonds that pay 6.25% and 7.75% simple interest. The investor wants an annual interest income of $1990 from the investments. What amount should be invested in the 6.25% bond? %24 Need Help? Read It Watch It
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 15E
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