SOLUTION: Mary invest $5600 into 2 bonds, one at a rate of 2% the other at a rate of 5%. After a year the earning from the first bond is the same as the second bond, how much money did she i
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Question 1118755: Mary invest $5600 into 2 bonds, one at a rate of 2% the other at a rate of 5%. After a year the earning from the first bond is the same as the second bond, how much money did she invested in each bond.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Let 
represent the amount invested at 5%. Then the amount invested at 
must be 
.
The amount earned on dollars for a year invested at 5% is:
The amount earned on 
dollars for a year invested at 2% is:
)
We are given that these two amounts are equal, so:
)
Solve for , then calculate
John
My calculator said it, I believe it, that settles it
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