A total of $32,000 is invested in two municipal bonds that pay 5.75% and 6.25% simple interest.

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A total of $32,000 is invested in two municipal bonds that pay 5.75% and 6.25% simple interest. The investor wants an annual interest income of $1900 from the investments. What amount should be invested in the 5.75% bond?

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Algebra and Trigonometry

ISBN: 978-1337271172

10th edition

Authors: Ron Larson

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Question Posted: Feb 14, 2018 03:40 AM

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A total of $32,000 is invested in two municipal bonds that pay 5.75% and 6.25% simple interest.

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Let x the amount invested at 575 y the amount invested a...View the full answer

Algebra and Trigonometry

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