a + b = 16000 -----> b = 16000 - a
0.035a + 0.05b = 650
0.035a + 0.05(16000 - a) = 650
0.035a + 800 - 0.05a = 650
-0.015a = - 150
a = $10,000
Dazzmine A.
asked 04/20/19A total of $16,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The investors want an annual interest income of $650 from the investments. What amount should be invested at 3.5% bond?
a + b = 16000 -----> b = 16000 - a
0.035a + 0.05b = 650
0.035a + 0.05(16000 - a) = 650
0.035a + 800 - 0.05a = 650
-0.015a = - 150
a = $10,000
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