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Old 03-23-2008, 11:09 PM
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Please help with Math problem interest type problem?

your grandmother needs your help. She has 50,000 to invest. Part of the money is to be invested in noninsured bonds paying 13% anual interest the rest of the money is to be invested in a government insured certifcate of deposit paying 8% annual interest. She told you that she requires a total of 4600 per year in extra income from these investments. How much money should be placed in each investment?

Amount in invest bond?=

Amount in Certificate?=

Thanks for helping
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