Answer:
8.5 = $35,000
2% = $18,000
Step-by-step explanation:
two equations can be derived from the question
x + y = $53,000 equation 1
0.02x + 0.085y = $3,335.00. equation 2
x = amount invested in 2% bond
y = amount invested in 8.5% bond
multiply equation 1 by 0.02
0.02x + 0.02y = 1060 equation 3
subtract equation 2 from 3
0.065y = 2275
y = 35,000
substitute for y in equation 1
53,000 - 35,000 = 18,000
