Math Problem Statement

One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $138,500 to invest would like to have an income of $18,730 per year from her investments. How much should she invest at each rate? 10% $ 18% $

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Linear Equations

Formulas

Simple Interest Formula: Interest = Principal × Rate × Time

Theorems

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Suitable Grade Level

Grades 9-11