Mathematics, 13.10.2020 22:01 Katelyn1236

Ebony bought a 5-yr Treasury note that paid the equivalent of 2.8% simple interest. She invested $5000
more in a 10-yr bond earning 3.6% than she did in the
Treasury note. If the total amount of interest from
these investments was $5300, determine the amount of
principal for each investment.

Answers: 3

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Ebony bought a 5-yr Treasury note that paid the equivalent of 2.8% simple interest. She invested $5...

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Ebony bought a 5-yr Treasury note that paid the equivalent of 2.8% simple interest. She invested $5000 more in a 10-yr bond earning 3.6% than she did in the Treasury note. If the total amount of interest from these investments was $5300, determine the amount of principal for each investment.

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Another question on Mathematics

Ebony bought a 5-yr Treasury note that paid the equivalent of 2.8% simple interest. She invested $5000
more in a 10-yr bond earning 3.6% than she did in the
Treasury note. If the total amount of interest from
these investments was $5300, determine the amount of
principal for each investment.