A retired woman has $100,000 to invest. She wants to invest in two funds: one with a 9% annual yield and another with a 13% annual yield. The goal is to earn $10,000 per year. We need to find out how much she should invest in each fund.
2025/5/18
1. Problem Description
A retired woman has 10,000 per year. We need to find out how much she should invest in each fund.
2. Solution Steps
Let be the amount invested in the 9% fund, and be the amount invested in the 13% fund. We can set up two equations based on the given information:
Equation 1 (Total Investment):
Equation 2 (Total Income):
We can solve this system of equations. First, solve Equation 1 for :
Substitute this expression for into Equation 2:
Now, substitute the value of back into the equation for :
So, the woman should invest 25,000 in the 13% fund.
3. Final Answer
The woman should invest 25,000 in the 13% fund.