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Svetllana [295]
3 years ago
13

Randy has $15,000 that he would like to invest. He has a choice of two interest paying bonds, one offering a 4% annual interest

and the other paying 8% annual interest. He would like to earn $760 in interest in one year using both types of bonds that he can put towards his vacation. How much money should he invest in each bond?
Mathematics
1 answer:
Elina [12.6K]3 years ago
7 0

Answer:

$11000 at 4% and $4000 at 8%

Step-by-step explanation:

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