Question

Lisa invests $4,000 in two types of bonds, bond A and bond B. Bond A offers a 10% return, and bond B offers a 6% return. Lisa invests $x in bond A and $y in bond B. Her total return on the investment is $340. The system of linear equations defining the situation iswhat . The amount Lisa invested at the rate of 10% is what , and the amount she invested at the rate of 6% is what

Answer 1

Lisa invests $4,000 in two types of bonds, bond A and bond B. Bond A offers a 10% return, and bond B offers a 6% return. Lisa invested in each bond in x and y amounts. To solve the problem using two equation: x +y =4000

0.10x + 0.06y = 340

Solving the equation lisa invested $2500 in 10% rate and $1500 in 6% rate.