anonymous
  • anonymous
Kim invested a total of $1500 between two bonds. One bond earned 8% per annum and the other bond earned 10% per annum. In one year, Kim earned $132 on her investments. How much did she invest in the bond that earned 10%? someone please give me a detailed explanation ive been stuck for the past 30 minjutes trying to figure out an equation
Mathematics
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
jamiebookeater
  • jamiebookeater
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
....... 2 bonds. therefore x and y is the amount in each. x + y = 1500... 8 percent per annum, so 1.08x is left after a year, 10 percent per annum so 1.10y is left after a year. 132 was earned therefore. x+y = 1500 1.08x + 1.1y = 1500+132. solve the system of equations.
anonymous
  • anonymous
wait, how did you get 1.08 and 1.10?
anonymous
  • anonymous
oh. 8% GAIN so you already have 100% because that is the full value, so after a year it is 108%, do you see why?

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

anonymous
  • anonymous
Ohhhh yah i think i got it
anonymous
  • anonymous
ok :)

Looking for something else?

Not the answer you are looking for? Search for more explanations.