Problema Solution
A total amount of 83,000 is to be invested, some in bonds and some in CDs. If the amount invested in bonds is to exceed that in CDs by 8,000, how much will be invested in each type of investment?
Answer provided by our tutors
let
b = the money invested in bonds
c = the money invested in CD
A total amount of 83,000 is to be invested, some in bonds and some in CDs:
b + c = 83,000
b = 83,000 - c
The amount invested in bonds is to exceed that in CDs by 8,000:
b > c + 8000
plug b = 83,000 - c into the last inequality:
83,000 - c >= c + 8000
by solving we find
c <= $37,500
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b >= 83,000 - 37,500
b > $45,500
not more than $37,500 will be invested in CDs and not less than $45,500 in bonds.