Question

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

Answer 1

Answer:

Step-by-step explanation:

Let x = $ invested in 8% account

y= $ invested in 10.5% account

x + y= 12000

0.08x + 0.105y = 1145

$4600 invested in the 8% account

and $7400 invested in the 10.5%

account