9514 1404 393
Answer:
- 9.5%: $17,000
- 3.0%: $5,000
Step-by-step explanation:
Let x represent the amount invested at 9.5%. Then (22000-x) is the amount invested at 3%. The total interest income is ...
0.095x +0.03(22000 -x) = 1765
0.065x = 1105 . . . . . . . . . . . . . . . . subtract 660, simplify
x = 17000 . . . . . . . . . . divide by 0.065
22000 -x = 5000 . . . amount at 3%
$17,000 was invested in the 9.5% bond; $5,000 was invested in the 3% bond.
