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An investor invested a total of $58000 into two bonds. One bond paid 3% simple interest, and the other paid 2% interest. The investor earned a total of $1705.00 in annual interest. How much was originally
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1 vote
An investor invested a total of $58000 into two bonds. One bond paid 3% simple interest, and the other paid 2% interest. The investor earned a total of $1705.00 in annual

interest.
How much was originally invested in each account?

User Shintaroid
by
4.7k points

1 Answer

2 votes

Answer:

34100

Explanation:

1705×2÷5

=682

682×100÷2

=38100

User SpamapS
by
4.3k points
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