document.write( "Question 833446: Betsy, a recent retiree, requires $5,000 a year per extra income. She has $70,000 to invest and can invest in B-rated bonds paying 17% per year or in a certificate of deposit (CD) paying 7% a year. How much money should be invested in each to realize exactly $5,000 in interest each year?\r
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document.write( "The amount invested at 17% is??
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document.write( "The amount invested at 7% is?? \n" );
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Algebra.Com's Answer #502544 by lwsshak3(11628) ![]() You can put this solution on YOUR website! Betsy, a recent retiree, requires $5,000 a year per extra income. She has $70,000 to invest and can invest in B-rated bonds paying 17% per year or in a certificate of deposit (CD) paying 7% a year. How much money should be invested in each to realize exactly $5,000 in interest each year? \n" ); document.write( "The amount invested at 17% is?? \n" ); document.write( "The amount invested at 7% is?? \n" ); document.write( "*** \n" ); document.write( "let x=amount invested at 17% \n" ); document.write( "70000-x=amount invested at 7% \n" ); document.write( "17%x+7%(70000-x)=5000 \n" ); document.write( ".17x+4900-.07x=5000 \n" ); document.write( ".10x=100 \n" ); document.write( "x=1000 \n" ); document.write( "70000-x=69000 \n" ); document.write( "The amount invested at 17% is $1,000 \n" ); document.write( "The amount invested at 7% is $69,000 \n" ); document.write( " |