X # 16 A total of $12,000 was invested in two types of bonds. One pays 8% -/6 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?

X # 16 A total of $12,000 was invested in two types of bonds. One pays 8% -/6 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?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section: Chapter Questions

Problem 34PT

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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 interest eared on the two investments was $1.145. How much was invested at each rate ?

X # 16 A total of $12,000 was invested in two types of bonds. One pays 8% -/6
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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