document.write( "Question 411848: 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 the bonds. How much should be invested in each bond? \n" ); document.write( "
Algebra.Com's Answer #289432 by mananth(16946)![]() ![]() You can put this solution on YOUR website! 5% --------x \n" ); document.write( "7% --------15000-x \n" ); document.write( "... \n" ); document.write( "Interest = 880\r \n" ); document.write( "\n" ); document.write( "5x+7(15000-x)=880*100 \n" ); document.write( "5x+105000-7x=88000 \n" ); document.write( "-2x=-17000 \n" ); document.write( "/-2 \n" ); document.write( "x=8500 at 5% \n" ); document.write( "balance at7% \n" ); document.write( " |