Question
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
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
Authors: Leland Blank, Anthony Tarquin
7th Edition
9781259027406, 0073376302, 1259027406, 978-0073376301
