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4 April, 11:38

A retired woman has $200,000 to invest. she has chosen one relatively safe investment fund that has an annual yield of 9% and another, riskier fund that has a 13% annual yield. how much should she invest in each fund if she would like to earn $20,000 per year from her investments?

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  1. 4 April, 13:55
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    She is to invest $150,000 in the low risk found at 9%

    She is to invest $50,000 in the high risk found at 13%

    Let x = money invested at 9%

    Let y = money invested at 13%

    x+y = 200000

    .09x +.13 y = 20000

    since

    x = 200000-y

    then

    .09 (200000-y) +.13y = 20000

    18000-.09y+.13y = 20000

    .04 y = 20000

    y = 50000

    then

    x = 200,000-50000 = 150000
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