# SOLUTION: A total of \$15,000 is invested in two corporate bonds that pay 5% and 7% simple annual interest. The investor wants to earn \$880 in interest per year from bonds. How much should b

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Finance -> SOLUTION: A total of \$15,000 is invested in two corporate bonds that pay 5% and 7% simple annual interest. The investor wants to earn \$880 in interest per year from bonds. How much should b      Log On

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 Click here to see ALL problems on Money Word Problems Question 255130: A total of \$15,000 is invested in two corporate bonds that pay 5% and 7% simple annual interest. The investor wants to earn \$880 in interest per year from bonds. How much should be invested in each bond?Answer by checkley77(12569)   (Show Source): You can put this solution on YOUR website!.07X+.05(15,000-X)=880 .07X+750-.05X=880 .02X=880-750 .02X=130 X=130/.02 X-6,500 IS INVESTED @ 7%. 15,000-6,500=8,500 IS INVESTED @ 5% PROOF: .07*6,500+.05*8,500=880 455+425=880 880=880