Math Problem Statement

One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $140,900 to invest would like to have an income of $19,130 per year from her investments. How much should she invest at each rate? 10% $ 18% $

Solution

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Algebra
Linear Equations
System of Equations

Formulas

x + y = 140,900
0.10x + 0.18y = 19,130

Theorems

Substitution Method

Suitable Grade Level

Grades 10-12