Answer:
Bob invested $50,000 in real state and $150,000 in a money market.
Step-by-step explanation:
Assuming that x is the investment in real state:
(200,000-x)*0.045 + x * 0.03 = 8,250
Apply distributive property:
(200,000*0,045) - 0.045x +0.03x = 8,250
9,000 - 0.045x +0.03x = 8,250
We must clear x:
- 0.045x +0.03x = 8,250 - 9,000
-0.015x = -750
x = -750/-0.015
x = 50,000
So, the invest in real state is $50,000.
$200,000 - $50,000 = $150,000 is the invest in a money market.
