SOLUTION: good afternoon, please help me solve this problem: Kelly Fisher has a total of $26,000 invested in two municipal bonds that have yields of 8% and 10% interest per year, respecti

Algebra ->  Coordinate Systems and Linear Equations  -> Lessons -> SOLUTION: good afternoon, please help me solve this problem: Kelly Fisher has a total of $26,000 invested in two municipal bonds that have yields of 8% and 10% interest per year, respecti      Log On


   



Question 531495: good afternoon, please help me solve this problem:
Kelly Fisher has a total of $26,000 invested in two municipal bonds that have yields of 8% and 10% interest per year, respectively. If the interest Kelly receives from the bonds in a year is $2422, how much does she have invested in each bond?
Let x = the amount in the first bond.
Let y = the amount in the second bond.

Answer by scott8148(6628) About Me  (Show Source):
You can put this solution on YOUR website!
x + y = 26,000

(8%)(x) + (10%)(y) = 2422