Holly was given $5 000 by her parents for savings towards college. She invested part of the money in a government bond that paid 6% simple interest every year, and the rest in a bank account that paid 3% simple interest each year. After one year, the investments had earned a total of $225. How much was invested in each plan?

Question

02-03-2021
Mathematics

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Holly was given $5 000 by her parents for savings towards college. She invested part of the money in a government bond that paid 6% simple interest every year, and the rest in a bank account that paid 3% simple interest each year. After one year, the investments had earned a total of $225. How much was invested in each plan?

Sagot :

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