SOLUTION: Martin purchased some municipal bond yielding 12 perent annually and some certifiates of deposit yielding 12 perent annually If Martin's total investment amounts to £17806.60 and

Question 1139980: Martin purchased some municipal bond yielding 12 perent annually and some certifiates of deposit yielding 12 perent annually If Martin's total investment amounts to £17806.60 and the annual income is £2252.92, how much money is invested in bonds and how much is invested in certifiates of deposit?
This word problem has been making me scratch my head a lot, so can someone help me solve it? thanks in advance.
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!

Since the interest rates on the two investments are the same, equal amounts were invested in each. So half of the total £17806.60 in each.
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