Hayley K.

asked • 08/26/15

Can someone help me with this algebra word problem?

Pedro wants to invest his $25,000 bonus check. His advisor recommended that he put some of the money in a bond fund that yields 5% per annum and the rest in a stock fund that yields 9% per annum. If Pedro wants to earn $1875 each year from his investment, how much should he place in each investment?

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