Solution: How much should she invest in 6.25% if she wants an annual profit of $937.50?

(Last Updated On: January 30, 2020)

How much should she invest in 6.25% if she wants an annual profit of $937.50?

Problem Statement:

Linda has $16,000 to invest. Part of her money is invested with a bond of 5% and 6.25%. How much should she invest in 6.25% if she wants an annual profit of $937.50?

Problem Answer:

She should invest $11,000 in 6.25% if she wants an annual profit of $937.50.

View Solution:
Solution: How much should she invest in 6.25% if she wants an annual profit of $937.50?

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