One safe investment pays 10% per year, and a riskier investment pays 18% per year. A woman who has 150,000 AED to invest would like to have an income of 20,000 AED per year from her investments. How much should she invest at each rate?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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One safe investment pays 10% per year, and a riskier investment pays 18% per year. A woman
who has 150,000 AED to invest would like to have an income of 20,000 AED per year from her
investments. How much should she invest at each rate?
Transcribed Image Text:Q3. One safe investment pays 10% per year, and a riskier investment pays 18% per year. A woman who has 150,000 AED to invest would like to have an income of 20,000 AED per year from her investments. How much should she invest at each rate?
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