Question: Solve the following simple interest word problem: Sue, a recent retiree, requires $6,000 per year in extra income. She has $50,000 to invest and can

Solve the following simple interest word problem:

Sue, a recent retiree, requires $6,000 per year in extra income. She has $50,000 to invest and can invest in B-rated bonds paying 15% per year or in a certificate of deposit (CD) paying 7% per year. How much money should be invested in each to realize exactly $6,000 in interest per year?

Solve the following time-distance word problem:

A motorboat heads upstream a distance of 24 miles on a river whose current is running at 3 miles per hour (mi/hr). The trip up and back takes 6 hours. Assuming that the motor boat maintained a constant speed relative to the water, what was its speed?

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