A financial manager has $14000 to invest for her company. She plans to invest part of the money in tax-free bonds at 6 percent interest and the reminder in taxable bonds at 9 percent. She wants to earn $1,005 per yr in interest from investments. (Let x represent the amount invested at 6 percent).

a. Let____________ repersent the amount invested at 9 percent.
b. Write the algebriac equation:
c. Find the amount invested at 6 percent: $______

Question

A financial manager has $14000 to invest for her company. She plans to invest part of the money in tax-free bonds at 6 percent interest and the reminder in taxable bonds at 9 percent. She wants to earn $1,005 per yr in interest from investments. (Let x represent the amount invested at 6 percent).

a. Let____________ repersent the amount invested at 9 percent.
b. Write the algebriac equation:
c. Find the amount invested at 6 percent: $______