Question

A retired couple has up to $50,000 to invest. As their financial adviser, you recommend that they place at least $35,000 in Treasury bills yielding 1% and at most $10,000 in corporate bonds yielding 3%. Write and graph the system of equations of linear inequalities that describes the possible amounts of each investment.

Answer 1

Answer:

See Explanation

Step-by-step explanation:

According to the Question,

Given that, A retired couple has up to $50,000 to invest. As their financial adviser, you recommend that they place at least $35,000 in Treasury bills yielding 1% and at most $10,000 in corporate bonds yielding 3%.

Therefore,

Let, x be the amount of money invested in Treasury bills

y be the amount invested in corporate bonds

Thus, the system of equations of linear inequalities is

x + y ≤ 50000

x ≥ 35000

0 ≤ y ≤ 10000

For, the graph of the system of equations of linear inequalities describes the possible amounts of each investment.

(Please find in the attachment)