Question

Robert has $20,000, part or all of which he wants to invest into a combination of government bonds and municipal bonds. He wants to invest no more than $5,000 into municipal bonds, and at least twice as much into government bonds than into municipal bonds.

Answer 1

1. x + y ≤ 20,000
2. y ≤ 5,000
3. x ≥ 2y

Explanation:

Given:

Total amount = $20,000

Assume

Government bonds = x

Municipal bonds = y

Computation:

1. Invest total money

x + y ≤ 20,000

2. invest no more than $5,000 into municipal bonds

y ≤ 5,000

3. at least twice as much into government bonds.

x ≥ 2y