Answer:
x=22000 ( bonds)
Step-by-step explanation:
total money invested=26000 , x for bonds and y stocks
x+y=26000 ⇒ x=26000-y
0.05 x + 0.08 y=1420 solve by substitute : x=26000-y
0.05(26000-y)+0.08 y =1420
1300-0.05y+0.08y=1420
0.03y=1420-1300
y=120/0.03
y= 4000 ( the amount invested in stocks)
the amount invested in bonds x= 26000-4000
x=22000 ( bonds)
check :
0.05(22000)+0.08(4000)= 1420 correct
