document.write( "Question 1070144: A total of $15,000 is invested in two corporate bonds that pay 6.5% and 8% simple interest. the invester wants an annuel interest income of $1050 from the investments. how much should she invest in each type of bond? show work \n" ); document.write( "
Algebra.Com's Answer #685258 by Boreal(15235) You can put this solution on YOUR website! amount invested at 6.5%=x \n" ); document.write( "amount invested at 8% is 15000-x \n" ); document.write( ".065x+.08(15000-x)=1050 \n" ); document.write( ".065x+1200-.08x=1050 \n" ); document.write( "-0.015x=-150; divide both sides by -0.015 \n" ); document.write( "x=$10000@6.5%=$650 \n" ); document.write( "15000-x=$5000@8%=$400 \n" ); document.write( "add to $1050. \n" ); document.write( " |