A combined total of $46,000 is invested in two bonds that pay 4% and

9.5% simple interest. The annual interest is $3,490.00. How much is

invested in each bond?

Question

Mathematics

Angie Bolton

24 February, 15:59

A combined total of $46,000 is invested in two bonds that pay 4% and

9.5% simple interest. The annual interest is $3,490.00. How much is

invested in each bond?

+5

Answers (1)

Know the Answer?

Catherine Nielsen · Answer 1

Answer: 4%-16000 and 9.5%-30000

Why:

1) x+y=46000

x=46000-y

2) 4%x+9,5%y=3490;

4x + 9.5y=349000; so 4 * (46000-y) + 9.5y=349000;

5.5y=165000

y=30000

x=46000-30000=16000

A combined total of $46,000 is invested in two bonds that pay 4% and9.5% simple interest. The annual interest is $3,490.00. How much isinvested in each bond?

A combined total of $46,000 is invested in two bonds that pay 4% and

9.5% simple interest. The annual interest is $3,490.00. How much is

invested in each bond?