An investment firm recommends that a client invest in AAA-, A-, and B-rated bonds. The average yield on AAA bonds is 6%, on A bonds 6.5%, and on B bonds 8%. The client wants to invest twice as much in AAA bonds as in B bonds. Howmuch should be invested in each type of bond under the following conditions? Complete parts (a) through (c) below....a. The total investment is $27,000, and the investor wants an annual return of $1780 on the three investments.Let 2x represent the amount invested in AAA bonds, y be the amount invested in A bonds, and x be the amount invested into3 bonds. Write a system of linear equations. Choose the correct answer below.VA. 0.06(2x) + 0.065y +0.08x = 17802x +y+x= 27,000O B. 0.06x+0.065y + 0.08x = 27,0002x + y +x= 1780O C. 0.06(2x) + 0.065y +x = 17804x + y +0.08x = 27,000O D. 2x + y +0.08x = 17800.06(2x) + 0.065y +x = 27,000They should invest $at 6%, $at 6.5%, and $ at 8%.

Given: Total investment=27000, annual return on investment=1780.

Answered: An investment firm recommends that a…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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