One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $145,400 to invest would like to have an income of $20,000 per year from her investments. How much should she invest at in the 18% rate fund?
A) $77,150
B) $68,250
C) $104,600
D) $83,680
E) $54,600

Question

One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $145,400 to invest would like to have an income of $20,000 per year from her investments. How much should she invest at in the 18% rate fund? ​
A) $77,150
B) $68,250
C) $104,600
D) $83,680
E) $54,600

Quizplus · Accepted Answer

The Answer of One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $145,400 to invest would like to have an income of $20,000 per year from her investments. How much should she invest at in the 18% rate fund? ​
A) $77,150
B) $68,250
C) $104,600
D) $83,680
E) $54,600

One Safe Investment Pays 10% Per Year, and a More