Problema Solution

Bruce invested in stock paying a 10.5% dividend. Maya invested $4,000 more than Bruce in tax-free bonds paying 7.5% annual simple interest. If Maya's income from investment is $75 more than Bruce's find how much money each of them invested.

Answer provided by our tutors

               Bruce invested $ x   in stock.

      10.5x/100   +  75 = 7.5(x + 4000)/100

      10.5x + 7500 = 7.5x + 30000

        3x = 22500

          x = $ 7500 = Bruce invested in stock

           Maya invested in bond = $ 11500