The amount invested in the bond that yields 5% is $3500 and the amount invested in the bond that yields 3% is $1500
This question would be solved using simultaneous equation
Two equations can be derived from this question
a + b = 5000 equation 1
0.05a + 0.03b = 220 equation 2
where a = amount invested in the bond that bears 5% per month
b = amount invested in the bond that bears 3% per month
Multiply equation 1 by 0.05
0.05a + 0.05b = 250 equation 3
Subtract equation 2 from 3
0.02b = 30
Divide both sides of the equation by 0.02
b = 1500
Substitute for b in equation 1
a + 1500 = 5000
subtract 1500 from both sides of the equation
a = 5000 - 1500 = 3500
Amount invested in the bond that yields 5% is $3500
Amount invested in the bond that yields 3% is $1500
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