Mathematics, 31.10.2020 21:20, dondre54

A retired woman has $60,000 to invest but needs to make $3,000 a year from the interest to meet certain living expenses. One bond investment pays 15% annual interest The rest of it she wants to put in a CD that pays 7%.
If we let x be the amount the woman invests in the 15% bond, how much in dollars will she be able to invest in the CD?

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A retired woman has $60,000 to invest but needs to make $3,000 a year from the interest to meet cert...