Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Join our platform to get reliable answers to your questions from a knowledgeable community of experts. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

a total of $21,000 is invested in two bonds that pay 4% and 7.5% simple interest. The bond with 7.5 % interest rate earned 6 times as much interest. as the bond with a 4 % interest. rate. how much is invested in each bond? what was the total interest earned?

Sagot :

21000=a+b
ax.075xt=6xbx.04xt
t cancels out
a=3.2b
21000= 3.2b+b
21000=4.2b
b=5000
a=16000

account with 7.5% had 16000 invested in it.
account with 4% had 5000 invested in it
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.