Question 564668
Let {{{ x }}} = amount invested in bonds
{{{ 70000 - x }}} = amount invested in CD
given:
{{{ .13x + .03*( 70000 - x ) = 5000 }}}
{{{ .13x + 2100 - .03x = 5000 }}}
{{{ .1x = 5000 - 2100 }}}
{{{ .1x = 2900 }}}
{{{ x = 29000 }}}
{{{ 70000 - x = 41000 }}}
$29,000 should be invested in bonds
$41,000 should be invested in CD