Question 238259
.08X=.05(5000-X)+140
.08X=250-.05X+140
.08X+.05X=390
.13X=390
X=390/.13
X=3,000 AMOUNT INVESTED IN THE 8% BOND.
5,000-3,99=2,000 AMOUNT INVESTED IN THE 5% CD.
PROOF:
.08*3,000=.05*2,000+140
240=100+140
240=240