Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received $650 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 $725 as interest. What was the value of his total savings before investing in these two bonds? Answers
A) 1000	B) 1,250	C) 2,250	D) 3,250	E) 4,250
So, we know that Shawn received 20% of the amount he invested in a year. We also know that in one year Shawn received $325, thus 0.2x = $325 --&gt; x = $1625   Since, he invested equal sums in his 2 bonds, then his total savings before investing was 2*$1,625 = $3,250   Answer 3,250
<result>D</result>
Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received $650 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 $725 as interest. What was the value of his total savings before investing in these two bonds?