anonymous
  • anonymous
how do I solve this word problem? Carl has $10,000 to invest. You recommend that she invest in Treasury Bills that yield 6%, Treasury Bonds that yield 7%, and corporate bods that yield 8%. Carl wants to have an annual income of $680, and the amount invested in corp bonds must be half that invested in Treasurey bills. Find the amount in each investement/
Mathematics
schrodinger
  • schrodinger
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anonymous
  • anonymous
let x be the amount invested in Treasury Bills, let y be the amount invested in Treasury Bonds, let z be theamount invested in Corp bonds 0.06*x+0.07*y+0.08*z=680 x+y+z=10000 2z=x you should get x=4000,y=4000,z=2000

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