Jane has $10000 to invest in AAA and AA bonds. The AAA bond yields a 5% and requieres a minimum investment of $1000. The AA bond yields an average of 8% and requires a minimum investment of $2000. Jane requires that at least three times as much money should be invested in the AAA bond as in the AA bond

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Question:

Jane has $10000 to invest in AAA and AA bonds. The AAA bond yields a 5% and requieres a minimum investment of $1000. The AA bond yields an average of 8% and requires a minimum investment of $2000. Jane requires that at least three times as much money should be invested in the AAA bond as in the AA bond

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Given:$10,000 to investAAA bonds - minimum of $1,000 yields 5%AA bonds - minimum of $2,000 yields 8%Jane requires that at least three times as much money should be invested in the AAA bond as in the AA bondLet x represent the investment in AA bond.x + 3x = 10,0004x = 10,000x = 10,000 / 4x = 2,500Jane should invest 2,500 to AA bond.Jane should invest 7,500 to AAA bond. This amount is 3 times the amount invested in AA bond.2,500 * 8% = 2002,500 + 200 = 2,7007,500 * 5% = 3757,500 + 375 = 7,875Jane's $10,000 investment will earn $575 interest for a total of $10,575.

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