A total of $12,000 was invested in two types of bonds. One pays 8% simple interest while

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A total of $12,000 was invested in two types of bonds. One pays 8% simple interest while the other pays 10.5%. Last year, the annual interest earned on the two investments was $1,145. How much was invested at each rate?

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Posted Date: Jan 24, 2023 01:01 AM

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A total of $12,000 was invested in two types of bonds. One pays 8% simple interest while

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Engineering economy

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