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ipn [44]
3 years ago
13

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?
Mathematics
1 answer:
Elza [17]3 years ago
8 0

Answer:

2500 x 1.06 + 2500 x 1.03

Step-by-step explanation:

2500 x 1.06 = 150

150 x .5 (half the simple interest) = 75

150 + 75 = 225

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