due in 2hrs need your help asap please !!
A person has just retired and needs $6000 in income to live on. He
has $50,000 to invest and can invest in AA bonds at 15% annual interest or
in Savings and Loans Certicates at 7% interest per year. How much money
should be invested in each so that he realizes exactly $6000 in income per year?
Answers
Answered by
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x+ y = 50000
.15x + .07y = 6000
now just solve both the equation you will get your answer mark ke up if my answer is correct
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