A combined total of $34,000 is invested in two bonds that pay 4% and 8.5% simple interest. The annua

Discussion in 'Calculator Requests' started by math_celebrity, Dec 11, 2020.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    A combined total of $34,000 is invested in two bonds that pay 4% and 8.5% simple interest. The annual interest is $2,350. How much is invested in each bond

    Using our split fund interest calculator, we get;
    • 12,000 in Fund 1
    • 22,000 in Fund 2
     
    math_celebrity, Dec 11, 2020
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