Marco has 121000 to invest. He decided to invest the money in bonds and mutual funds. he invested a portion of the money in bonds paying 8% interest rate per year and the remainder in a mutual fund paying 9% per year. After one year the total income Marco had earned from the investments was $1043. How much had he invested at each rate?
1: Define the TWO variables.
2: Write a system of equations to represent the problem.
3: Solve the system
4: Answer it. State exactly what the problem is asking for.