Problema Solution
Jesse invested $2000 more in stocks than in bonds. The bonds paid 7.2% interest and the stocks paid 6%. The income from each investment was the same. How much interest did he receive in all?
Answer provided by our tutors
7.2x/100 = 6(x + 2000)/100
1.2 x = 12000
x = 10000
Interest = 6 * 12000/100 = 720
Total interest = 2 * 720 = $ 1440