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Prof Tasy has $190,000 to invest to obtain annual income. She to invest in high quality, low-risk investments. She invests some of it in Cerificates of Deposit yielding a 6% return and the rest in AA bonds yielding 11% returns. How much should she invest in each to earn exactly $18,900 per year?

Prof Tasy has $190,000 to invest to obtain annual income. She to invest in high quality, low-risk investments. She invests some of it in Cerificates of Deposit yielding a 6% return and the rest in AA bonds yielding 11% returns. How much should she invest in each to earn exactly $18,900 per year?

Algebra for College Students
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Systems Of Equations
Section11.CR: Review Problem Set
Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...
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Prof Tasy has $190,000 to invest to obtain annual income. She to invest in high quality, low-risk investments. She invests some of it in Cerificates of Deposit yielding a 6% return and the rest in AA bonds yielding 11% returns. How much should she invest in each to earn exactly $18,900 per year?

Expert Solution
Step 1: Given Information

Total Amount to be invested is $ 190000

Let invest in Cerificates of Deposit is x 

Then invest in AA bonds is left parenthesis space 190000 space minus space x space right parenthesis space

Cerificates of Deposit yielding a 6% return and the rest in AA bonds yielding 11% returns.

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