Mr. Graham invested some of his $18,000 in bonds that made a 5% profit and the rest in bonds that made a 12% profit. If the profit on the 12% bonds was $885 more than the profit on the 5% bonds, how much did Mr. Graham invest in the 5% bonds?
+118724 Mr. Graham invested some of his $18,000 in bonds that made a 5% profit and the rest in bonds that made a 12% profit. If the profit on the 12% bonds was $885 more than the profit on the 5% bonds, how much did Mr. Graham invest in the 5% bonds?
Let x be the 5% portion and (18000-x) be the 12% portion
5% of X +885= 12% of (18000-X)
0.05X+885 = 0.12(18000-X)
can you finish this and then check that it is correct. ?
+118724 Mr. Graham invested some of his $18,000 in bonds that made a 5% profit and the rest in bonds that made a 12% profit. If the profit on the 12% bonds was $885 more than the profit on the 5% bonds, how much did Mr. Graham invest in the 5% bonds?
Let x be the 5% portion and (18000-x) be the 12% portion
5% of X +885= 12% of (18000-X)
0.05X+885 = 0.12(18000-X)
can you finish this and then check that it is correct. ?
