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
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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
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