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

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

 Ad: Over 600 Algebra Word Problems at edhelper.com Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations! Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

 Word Problems: Mixtures Solvers Lessons Answers archive Quiz In Depth

 Question 264132: A total of \$20,000 is invested in two bonds that pay 8% and 9.5% simple intrest. The annual intrest is \$1675. How much is interested in each bond?Answer by checkley77(12569)   (Show Source): You can put this solution on YOUR website!.095X+.08(20,000-X)=1,675 .095X+1,600-.08X=1,675 .015X=1,675-1,600 .015X=75 X=75/.015 X=5,000 INVESTED @ 9.5% 20,000-5,000=15,000 INVESTED @ 8% PROOF: .095*5,000+.08*15,000=1,675 475+1,200=1,675 1,675=1,675