Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received $550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received $605 as interest. What was the value of his total savings before investing in these two bonds?
Choose the correct choice from the following choices:	A) $2,750	B) $5,500	C) $11,000	D) $22,000	E) $44,000
SI for 1st year = 550/2= 
<gadget id="calculator">550/2</gadget>
<output>275</output>
275   275+275+SI on (275)=605==&gt; SI on 275=55==&gt;   SI on 275 = 275*R*1/100=55   R=20%   Now using SI for 2 years on T/2 of the money   (T/2)*20*2/100=550   T=550*5= 
<gadget id="calculator">550*5</gadget>
<output>2_750</output>
2750   $2,750NSWER:$2,750
<result>A</result>
Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received $550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received $605 as interest. What was the value of his total savings before investing in these two bonds?