asked • 07/21/16

Algebra help, Income earned on an IRA investment help?

I need some help on setting up this problem, and how to find the formula to get the correct answer.. this sounds like a different language like where do I start? Can I put this in a table or a chart to get the equations? 

Here it is: A student receives a yearly income of $4,000 from an account set up by her grandparents to help fund her education. From this educational account $10,000 is invested in a secure Treasury bond earning 5.5% yearly interest. If she earns a 6% rate of return on the rest of this educational account through a corporate bond, what is the principal that is invested in the corporate bond? 

1 Expert Answer


Edwin R. answered • 07/21/16

New to Wyzant

Math Tutoring Only

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