asked 2.3k views
0 votes
A total of $12000 was invested in two types of bonds. One pays 8% simple interest while the other pus 10.5%. Last year, the annual interest earned on the two investments was $1145. How much was invested at each rate?

1 Answer

3 votes
$4600 was invested at 8% and $7400 was invested at 10.5%.
answered
User Yuhao Li
by
8.2k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.