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My name is Ann [436]
3 years ago
8

Jesse is investing $2000 more in stocks than in bonds.The bonds pay 7.2% in interest and the stocks pay 6%. If the income from e

ach investment is the same,how much interest will he receive in all? ok the example is saying they multiplied 0.06 and 0.072 by 1000 how did they get 1000? @igreen
Mathematics
1 answer:
tamaranim1 [39]3 years ago
7 0
X+2,000=stocks
x=bonds
7.2%⇒(.072)(x)=bonds invested
6%⇒(.06)(x+2,000)=stocks invested

Here is the equation:

x(.072)=(.06)(x+2,000) | Since the income from both equal

You then solve each side first (assume you know how to but if not, let me know)

You first multily the parentheses/x variables 
⇒.072x = .06x+2,000(.06)

⇒.072x = .06x+120

You then minus .06x from each side
⇒.012x = 120

You then divide each side by .012
.012x÷.012=x
120÷.012=10,000
x=10,000

Now change the original x variables with 10,000

.072($10,000)=$720 bond interest
<u>They are equal so $720×2=$1440</u>



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