A combined total of $40,000 is invested in two bonds that pay 6% and 9% simple interest. The annual

Discussion in 'Calculator Requests' started by math_celebrity, Jul 13, 2021.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    A combined total of $40,000 is invested in two bonds that pay 6% and 9% simple interest. The annual interest is $3,210.00. How much is invested in each bond?

    Using our split fund interest calculator, we get:
    Fund 1 at 6% = 13,000
    Fund 2 at 9% = 27,000
     

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