# SOLUTION: A combined total of \$20,000 is invested in two bonds that pay 8% and 9.5% simple intrest. The annual interest is \$1675. How much is invested in each bond?

Algebra ->  Algebra  -> Finance -> SOLUTION: A combined total of \$20,000 is invested in two bonds that pay 8% and 9.5% simple intrest. The annual interest is \$1675. How much is invested in each bond?      Log On

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 Question 98036: A combined total of \$20,000 is invested in two bonds that pay 8% and 9.5% simple intrest. The annual interest is \$1675. How much is invested in each bond?Answer by checkley71(8403)   (Show Source): You can put this solution on YOUR website!.095X+.08(20000-X)=1675 .095X+1600-.08X=1675 .015X=1675-1600 .015X=75 X=75/.015 X=5000 INVESTED @ 9.5% 20000-5000=15000 INVESTED @ 8% PROOF .095*5000=.08*15000=1675 475+1200=1675 1675=1675