One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $142,800 to invest would like to have an income of $19,480 per year from her investments. How much should she invest at each rate? %24 %24 10% 18%

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter11: Rational And Irrational Numbers
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One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $142,800 to invest would like to have an income of $19,480 per year from her investments. How much should she invest at each rate?
10%
24
18%
24
Transcribed Image Text:One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $142,800 to invest would like to have an income of $19,480 per year from her investments. How much should she invest at each rate? 10% 24 18% 24
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