A total of $23,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The investor wants an annual interest income of $880 from the investments. What amount should be invested in the 3.5% bond?
?
A. $22,800
B. $18,000
C. $23,000
D. $18,300
E. $18,100
Answer: B
Mathematics
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