SOLUTION: good afternoon, please help me solve this problem:
Kelly Fisher has a total of $26,000 invested in two municipal bonds that have yields of 8% and 10% interest per year, respecti
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Question 531495: good afternoon, please help me solve this problem:
Kelly Fisher has a total of $26,000 invested in two municipal bonds that have yields of 8% and 10% interest per year, respectively. If the interest Kelly receives from the bonds in a year is $2422, how much does she have invested in each bond?
Let x = the amount in the first bond.
Let y = the amount in the second bond.
Answer by scott8148(6628) (Show Source): You can put this solution on YOUR website!
x + y = 26,000
(8%)(x) + (10%)(y) = 2422
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