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noiz2s1qx9 isnoits to nolticogmoosb noltoet leihsent sW 8+x0x 2. A total of $64,000 is invested in two bonds that pay 6.25% and 5.75% simple interest. The investor wants an annual interest income of $3800 from the investments. What amount should be invested in the 6.25% bond?

noiz2s1qx9 isnoits to nolticogmoosb noltoet leihsent sW 8+x0x 2. A total of $64,000 is invested in two bonds that pay 6.25% and 5.75% simple interest. The investor wants an annual interest income of $3800 from the investments. What amount should be invested in the 6.25% bond?

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 26EQ
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laione Lonte Tt or edln itefI, noiz2 ienoits1 to nolticogmooeb noltost leihsg ent snW V 2. A total of $64,000 is invested in two bonds that pay 6.25% and 5.75% simple interest. The investor wants an annual interest income of $3800 from the investments. What amount should be invested in the 6.25% bond?
Transcribed Image Text:laione Lonte Tt or edln itefI, noiz2 ienoits1 to nolticogmooeb noltost leihsg ent snW V 2. A total of $64,000 is invested in two bonds that pay 6.25% and 5.75% simple interest. The investor wants an annual interest income of $3800 from the investments. What amount should be invested in the 6.25% bond?
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