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8 December, 14:27

A combined total of $46,000 is invested in two bonds that pay 4% and

9.5% simple interest. The annual interest is $3,490.00. How much is

invested in each bond?

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Answers (1)
  1. 8 December, 14:55
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    Answer: 4%-16000 and 9.5%-30000

    Why:

    1) x+y=46000

    x=46000-y

    2) 4%x+9,5%y=3490;

    4x + 9.5y=349000; so 4 * (46000-y) + 9.5y=349000;

    5.5y=165000

    y=30000

    x=46000-30000=16000
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