Solve the Problem. -The Jillson's Have Up to $75,000 to Invest. They Decide

question 21

Essay

Solve the problem.
-The Jillson's have up to $75,000 to invest. They decide that they want to have at least $40,000 invested in
stable bonds yielding 6% and that no more than $20,000 should be invested in more volatile bonds
yielding 12%.
(a)Using x to denote the amount of money invested in the stable bonds and y the amount invested in the
more volatile bonds, write a system of linear inequalities that describe the possible amounts of each
investment.
(b)Graph the system of inequalities.

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Definitions:

Discounted Price

The reduced price of an item after applying a discount, which lowers the selling price from its original level.

Scrap Value

The calculated resale value of an asset at the end of its period of serviceability.

Reworked Cost

The expenses associated with correcting defective products or redoing a production process to meet quality standards after the initial manufacturing effort.

Financial Advantage

A benefit in economic terms that positions an entity in a more favorable financial situation than others.