Question

Mr. Chetty inherits a sum of $100,000. He wants to invest this sum into treasury bonds, corporate bonds and Bula-Returns, with annual rates of 12%, 8% and 4% respectively. He wants his investment in corporate bonds to be $5000 more than the investment in Bula-Returns. How much Mr. Chetty should allocate in corporate bonds, in order to get an annual income of exactly $10,000?

Answer 1

please help