Question 186417
.08x+.07(45,000-x)=3,450
.08x+3,150-.07x=3,450
.01x=3,450-3,150
.01x=300
x=300/.01
x=30,000 invested @ 8% insurance policy.
45,000-30,000=15,000 invested @ 7% bonds.
Proof:
.08*30,000+.07*15,000=3,450
2,400+1,050=3,450
3,450=3,450