If the amounts in A and B are x and y, then
.10x + .15y = 4000
.10(1.2x) + .15(1.1y) = 4000+500
Mr. X invested a part of his investment in 10% bond A and a part in 15% bond B. His interest income during the first year is Rs.4,000. If he invests 20% more in10% bond A and 10 % more in 15% bond B, his income during the second year increases by Rs.500. His initial investment and the new investment in bonds A and B are
3 answers
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.10x + .15y = 4000
.10(1.2x) + .15(1.1y) = 4000+500
.10(1.2x) + .15(1.1y) = 4000+500
0 answers